SS&C Technologies beats Street 4Q forecasts

SS&C Technologies tops 4Q net income and revenue expectations

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Wednesday reported fourth-quarter earnings of $57 million.

The Windsor, Connecticut-based company said it had profit of 28 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 46 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The financial services software maker posted revenue of $400.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $398.2 million.

For the year, the company reported profit of $131 million, or 64 cents per share. Revenue was reported as $1.48 billion.

SS&C Technologies shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.81, a climb of 18 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSNC at https://www.zacks.com/ap/SSNC

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Keywords: SS&C Technologies, Earnings Report

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