Company Participants - The earnings call featured key executives including Brian Norman Schell (Executive VP & CFO), Justine Stone (Head of Investor Relations), Rahul Kanwar (President & COO), and William C. Stone (Founder, Chairman of the Board & CEO) [1]. Conference Call Participants - Notable participants from various research divisions included analysts from JPMorgan Chase & Co, RBC Capital Markets, William Blair & Company, UBS Investment Bank, Morgan Stanley, D.A. Davidson & Co., and Jefferies LLC [1]. Earnings Call Introduction - Justine Stone welcomed participants to the Q2 2025 earnings call, indicating the presence of the executive team [2][3]. Forward-Looking Statements - The company provided a safe harbor statement regarding forward-looking statements, highlighting that actual results may differ from expectations due to various factors [4].

SS&C (SSNC) Q2 2025 Earnings Call July 23, 2025 05:00 PM ET Company ParticipantsJustine Stone - Investor RelationsWilliam Stone - Chairman, CEO & FounderRahul Kanwar - President and COOBrian Schell - EVP & CFOAlexei Gogolev - Executive DirectorKevin McVeigh - Managing DirectorPeter Heckmann - MD - Equity ResearchMichael Infante - VP - Equity ResearchConference Call ParticipantsJeff Schmitt - Research Analyst - Financial Services and TechnologyDan Perlin - Financial Technology AnalystSurinder Thind - Equity ...

SS&C (SSNC) Q2 2025 Earnings Call July 23, 2025 05:00 PM ET Speaker0Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today.At this time, I would like to welcome everyone to the FSNC Technologies Second Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. And I would now like to turn the conference over to Justine S ...

SAFE HARBOR STATEMENT This presentation contains forward-looking statements, as defined by federal and state securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance or products, underlying assumptions, and other statements which are other than statements of histori ...

Exhibit 99.1 SS&C Technologies Releases Q2 2025 Earnings Results Q2 2025 GAAP revenue $1,536.8 million, up 5.9%, Fully Diluted GAAP Earnings Per Share $0.72, down 4.0% Record adjusted revenue $1,537.8 million, up 5.9%, Adjusted Diluted Earnings Per Share $1.45, up 9.8% WINDSOR, CT, July 23, 2025 (BUSINESS WIRE) -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software and software-enabled services, today announced its financial results for the sec ...

Core Viewpoint - SS&C Technologies (SSNC) is expected to report quarterly earnings of $1.39 per share, reflecting a year-over-year increase of 9.5%, with revenues projected at $1.52 billion, a 4.5% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating stability in analysts' projections [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Forecast - Analysts forecast 'Adjusted Revenues- Software-enabled services' to reach $1.27 billion, indicating a year-over-year change of +6.3% [5]. - The consensus estimate for 'Revenues- License, maintenance and related' is $264.85 million, reflecting a year-over-year change of +2.2% [5]. - 'Adjusted Revenues- License, maintenance and related' is expected to be $252.69 million, showing a decline of -2.5% from the prior-year quarter [5]. Stock Performance - Over the past month, SS&C Technologies shares have recorded returns of +5%, compared to the Zacks S&P 500 composite's +5.4% change, suggesting performance alignment with the overall market [6].

Summary of SS&C (SSNC) 2025 Conference Call Company Overview - **Company**: SS&C Technologies Holdings, Inc. (SSNC) - **Industry**: Financial Services, specifically focusing on fund administration, IT services, and healthcare technology Key Points and Arguments Business Performance and Demand - SS&C has a strong position in fund administration, being the largest provider globally, which is essential for clients regardless of macroeconomic conditions [3][4] - The company experiences macroeconomic effects primarily in transaction-oriented businesses, such as order management systems, which are influenced by market volatility [4][10] - Demand remains healthy across most markets, with a full pipeline of opportunities and a competitive edge in technology and service offerings [11][12] Revenue and Growth Insights - Organic growth for Q1 was reported at 5.1%, with recurring financials at 5.9%, while Q2 guidance is around 2.5% [20][22] - The slowdown in Q2 is attributed to seasonal factors, with expectations for stronger performance in the latter half of the year due to previously sold deals and acquisitions [22][23] - The private markets segment within fund administration is growing over 10%, indicating a robust appetite for private equity and credit [29][31] Competitive Landscape - SS&C competes with large custodian banks and smaller fintech startups, leveraging its ability to innovate rapidly compared to heavily regulated organizations [13][15] - The company is well-positioned to displace outdated systems within client organizations, as many clients are reluctant to change from long-standing internal systems [16][19] Healthcare Segment - The healthcare business is expected to show flattish to slightly positive growth, with a focus on new platforms like DomaneRx, which has processed over 200 million claims [47][48] - The healthcare segment is seen as a smaller part of SS&C's overall business but with significant growth potential [56] Margin Expansion and Efficiency - SS&C has historically achieved margin expansion and continues to identify opportunities for improvement through technology deployment [57][59] - The acquisition of Blue Prism has allowed the company to enhance operational efficiency, saving approximately 2,500 positions, which is about 10% of the workforce [58][59] M&A Activity and Future Outlook - SS&C is actively looking for acquisition opportunities that align with its growth strategy, particularly in areas that can enhance its service offerings [79] - The company has announced a stock buyback program, indicating confidence in its stock and future performance [79] Market Opportunities - SS&C sees potential in underserved markets like Australia and the Middle East, where there is a demand for sophisticated technology and services [34][43] - The company is optimistic about expanding its presence in these regions, leveraging its existing expertise and client relationships [35][39] Additional Important Insights - The competitive environment in Australia includes custodial banks and independent firms, with SS&C's combined service and technology offering being a key differentiator [42] - The healthcare technology landscape is characterized by outdated systems, providing SS&C with an opportunity to introduce modern solutions [53][55] - The company emphasizes the importance of providing high-value, mission-critical services, which are less sensitive to pricing pressures from clients [71][72]

Summary of SS&C Technologies FY Conference Call (June 04, 2025) Company Overview - **Company**: SS&C Technologies (SSNC) - **Industry**: Financial Services Software and Outsourcing Solutions - **Market Cap**: Approximately $20 billion - **Enterprise Value**: Approximately $26 billion - **Employees**: 27,000 - **Clients**: Over 22,000 across 35 countries - **Revenue**: Expected to be around $6 billion in 2025 [4][5] Core Business Insights - **Business Units**: SS&C operates six business units, with 75% of revenue generated from three main units: - **GlobeOp**: Focused on alternative assets, hedge funds, and private markets [6] - **Transfer Agency Services**: Contributes about 25% of revenue [6] - **Wealth and Investment Technology (WIT)**: Provides software licenses across various segments [7] - **Key Metrics**: - Over $4 billion in Assets Under Administration (AUA) [5] - 45 million accounts on the transfer agency platform [5] - 500 million healthcare claims processed [5] - **Revenue Retention**: Strong at 97%, indicating high client stickiness [13][22] Financial Performance - **Organic Growth**: Projected organic growth rate of approximately 4.5% for the full year [17] - **EBITDA Growth**: Grew by over 6% with margin expansion of about 30 basis points [11] - **Earnings Per Share (EPS)**: Expected growth of over 8% [12] - **Cash Flow**: Cash flow from operations increased by over 51% [12] - **Debt Management**: Leverage ratio reduced to approximately 2.7 times, nearing investment-grade territory [29] Strategic Initiatives - **Research and Development**: Continuous reinvestment in R&D to drive long-term growth [16][17] - **Mergers and Acquisitions (M&A)**: Focus on acquiring businesses that enhance organic growth and maintain price discipline [24][25] - **Capital Allocation**: Share repurchase program increased by 50%, with a new authorization of $1.5 billion [27][28] - **International Growth**: Expansion into international markets, particularly with the Insignia project in Australia [21][41] Market Dynamics and Guidance - **Market Uncertainty**: Acknowledgment of economic uncertainty but no significant slowdown in client commitments [38][39] - **Second Quarter Guidance**: Organic growth forecast of 2.5% for Q2, considered conservative [38] - **Future Outlook**: Confidence in stronger growth in the second half of the year, particularly in Q4 due to historical trends [44][45] Additional Insights - **Client Service Enhancements**: Focus on improving customer service to increase retention rates [22] - **Lift Outs**: Strategy of outsourcing and rebadging employees to enhance service efficiency [22][23] - **Pricing Strategy**: Potential to increase pricing from the traditional 1% to 1.5% as part of growth strategy [21] This summary encapsulates the key points discussed during the SS&C Technologies FY Conference Call, highlighting the company's performance, strategic initiatives, and market outlook.

Summary of SS&C (SSNC) FY Conference Call - May 13, 2025 Company Overview - **Company**: SS&C Technologies Holdings, Inc. (SSNC) - **Industry**: Wealth Investment Technology (WIT) Key Points Competitive Environment - The wealth investment technology segment is divided into four categories: insurance market, asset management, alternative investments, and wealth platforms [2][3] - SS&C's primary products include: - **Singularity** for insurance - **Genesis** for asset management - **Geneva** for alternative investments, considered the industry gold standard [4][5][6] - The asset management space is noted as the most competitive, with a focus on integrating offerings with Eze for seamless service [5][6][7] Product Integration and Market Strategy - SS&C has simplified its go-to-market strategy by consolidating product offerings, leading to more efficient R&D spending [8][9] - The integration of multiple SS&C products enhances competitiveness, particularly in the retail alternatives market, which is experiencing significant growth [10] Growth Trends and Revenue Insights - The transition to cloud-based solutions is a key growth driver, with clients often seeing revenue increases of 1.5 to 2.5 times upon upgrading [11][12] - The company serves a diverse client base, with a concentration on larger organizations seeking complex solutions [13][14] - Price increases are projected at approximately 1.5% for the year, consistent with previous years [16][17] Alternatives Business Performance - Approximately 60% of the alternatives business revenue is tied to hedge funds, which have shown mid-single-digit growth [20][21] - The growth of private markets, including private credit and private equity, is contributing to revenue stability, with private credit now comprising over 25% of the alternatives business [22][23] Retirement Segment and Acquisitions - The acquisition of Insignia is expected to enhance SS&C's presence in Australia and the superannuation market, with projected revenue contributions of $35 million to $70 million in the second half of the year [26][27] - The retirement segment is anticipated to achieve low to mid-single-digit organic growth as it captures more market share [29] Digital Transformation and Automation - SS&C has implemented over 3,000 digital workers, resulting in an estimated $100 million in cost savings by reducing the need for human resources in non-value-added tasks [30][31] - The company is focusing on integrating intelligent automation and RPA with AI to enhance operational efficiency [34][35] Market Conditions and Future Outlook - The M&A market has shown weaker deal flow, impacting revenue generation, but SS&C continues to win mandates and expand into capital markets [36][37] - The healthcare division is leveraging modern technology to reduce costs and improve service delivery, with significant impacts expected from upcoming contracts [39][40][41] Financial Guidance and Capital Allocation - SS&C maintains a conservative outlook for organic growth while raising overall revenue guidance, reflecting strong Q1 performance and favorable FX rates [46][47] - The company prefers debt financing for acquisitions, with historical leverage levels around five times [51][52][53] International Expansion - SS&C sees opportunities for growth in international markets, particularly in Europe and Australia, while continuing to expand its North American operations [55][56] Employee Incentives and Shareholder Value - The company is shifting from stock options to RSUs for employee compensation, aligning with industry practices to retain talent [59][60] - There is a preference for share repurchases over dividends, reflecting investor sentiment and capital allocation strategies [62] This summary encapsulates the key insights and strategic directions discussed during the SS&C FY Conference Call, highlighting the company's competitive positioning, growth strategies, and market outlook.

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) The unaudited condensed consolidated financial statements for the quarter ended March 31, 2025, show an increase in total assets to $20.4 billion and total equity to $6.86 billion, with net income rising to $213.0 million from $157.6 million in the prior-year period, driven by higher revenues, and strong cash flow from operations at $272.2 million Balance Sheet Highlights (in millions) | Account | March 31, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $515.0 | $567.1 | | Goodwill | $9,283.9 | $9,218.1 | | Total assets | $20,404.9 | $19,044.7 | | **Liabilities & Equity** | | | | Total long-term debt | $6,837.0 | $6,989.6 | | Total liabilities | $13,545.1 | $12,435.6 | | Total equity | $6,859.8 | $6,609.1 | Income Statement Highlights (in millions, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total revenues | $1,513.9 | $1,435.0 | | Gross profit | $747.1 | $707.2 | | Operating income | $357.9 | $332.9 | | Net income attributable to SS&C | $213.0 | $157.6 | | Diluted EPS | $0.84 | $0.62 | Cash Flow Summary (in millions) | Activity | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $272.2 | $180.5 | | Net cash used in investing activities | $(63.3) | $(50.6) | | Net cash provided by (used in) financing activities | $935.3 | $(835.9) | - The company operates as a single operating and reportable segment, with the Chief Operating Decision Maker (CODM) reviewing financial information on a consolidated basis[19](index=19&type=chunk) - In February 2025, the company acquired FPS Trust Company for approximately **$6.0 million**[35](index=35&type=chunk) - Goodwill increased to **$9,283.9 million** at March 31, 2025, from **$9,218.1 million** at year-end 2024, primarily due to acquisitions and foreign currency translation effects[36](index=36&type=chunk) - During Q1 2025, the company repurchased **2.4 million shares** of common stock for approximately **$206.9 million** and paid quarterly cash dividends of **$0.25 per share**, totaling **$61.6 million**[41](index=41&type=chunk)[42](index=42&type=chunk) - The effective tax rate for Q1 2025 was **18.4%**, a significant decrease from **29.7%** in Q1 2024, primarily due to increased recognition of windfall tax benefits from stock awards and changes in the jurisdictional mix of income[53](index=53&type=chunk) Revenue Disaggregation by Source (in millions) | Revenue Source | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Software-enabled services | $1,269.9 | $1,187.7 | | Maintenance and term licenses | $213.2 | $218.8 | | Professional services | $23.9 | $23.8 | | Perpetual licenses | $6.9 | $4.7 | | **Total** | **$1,513.9** | **$1,435.0** | Revenue Disaggregation by Geography (in millions) | Geography | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | United States | $1,036.5 | $992.3 | | United Kingdom | $177.4 | $165.5 | | Europe (ex-UK), MEA | $129.6 | $115.9 | | Asia-Pacific | $85.4 | $73.3 | | Canada | $56.3 | $59.6 | | Americas (ex-US/Canada) | $28.7 | $28.4 | | **Total** | **$1,513.9** | **$1,435.0** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=16&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 5.5% year-over-year revenue growth in Q1 2025 to $72.8 million in organic growth and a $13.0 million contribution from acquisitions, while operating expenses increased by 4.0%, net interest expense decreased, and the company maintained strong liquidity with $272.2 million in cash from operations and compliance with all debt covenants at a 1.57x consolidated net secured leverage ratio Revenue Change Analysis (Q1 2025 vs Q1 2024) | Component | Change (in millions) | | :--- | :--- | | Organic Revenue Growth | $72.8 | | Acquisition Contribution | $13.0 | | Foreign Currency Impact | $(6.9) | | **Total Revenue Increase** | **$78.9** | - Software-enabled services revenue grew **6.9% YoY**, driven by **$74.3 million** in organic growth and **$13.0 million** from acquisitions[62](index=62&type=chunk) - License, maintenance and related revenues decreased **1.3% YoY**, due to a **$1.5 million** decline in organic revenues and a **$1.8 million** unfavorable foreign currency impact[62](index=62&type=chunk) - Net interest expense decreased to **$105.2 million** from **$116.0 million** in the prior year, primarily due to a lower average interest rate (**6.09%** in Q1 2025 vs. **6.86%** in Q1 2024)[68](index=68&type=chunk) - The effective tax rate dropped to **18.4%** in Q1 2025 from **29.7%** in Q1 2024, mainly due to higher windfall tax benefits from stock awards and a favorable change in the geographic mix of income[71](index=71&type=chunk) - Net cash from operating activities was **$272.2 million** for Q1 2025, an increase from **$180.5 million** in Q1 2024[76](index=76&type=chunk) - Investing activities used **$63.3 million**, primarily for capitalized software (**$47.0 million**) and business acquisitions (**$6.2 million**)[77](index=77&type=chunk) - Financing activities provided **$935.3 million**, driven by a **$1.2 billion** net increase in client fund obligations and **$201.8 million** from stock option exercises, offset by debt repayments (**$155.0 million**), stock repurchases (**$206.9 million**), and dividends (**$61.6 million**)[78](index=78&type=chunk) Debt Structure at March 31, 2025 (in millions) | Debt Instrument | Amount Outstanding | | :--- | :--- | | Term B-8 Loans | $3,350.0 | | Term A-9 Loans | $790.0 | | 5.5% Senior Notes | $2,000.0 | | 6.5% Senior Notes | $750.0 | Consolidated EBITDA Reconciliation (in millions) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net income | $213.2 | $158.0 | | EBITDA | $537.3 | $506.2 | | **Consolidated EBITDA** | **$592.9** | **$557.9** | - The company was in compliance with its debt covenants, reporting a maximum consolidated net secured leverage ratio of **1.57x**, significantly below the required **6.25x**[100](index=100&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=28&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from interest rates, equity prices, and foreign currency exchange rates, with a 100 basis point increase in interest rates potentially increasing annual interest expense by approximately $41.4 million on its variable-rate debt, and a 10% change in equity investments impacting net income by about $3.1 million - A **100 basis point** change in interest rates on client cash balances (average **$2.38 billion**) would impact annual net income by approximately **$11.9 million**[104](index=104&type=chunk) - On its **$4.14 billion** of variable-rate debt, a **100 basis point** increase in interest rates would increase annual interest expense by approximately **$41.4 million**[105](index=105&type=chunk) - The company has **$42.0 million** in equity investments subject to price risk; a **10%** change in their fair value would impact net income by approximately **$3.1 million**, net of tax[107](index=107&type=chunk) - Approximately **21%** of revenues in Q1 2025 were from currencies other than the USD, primarily the British pound, exposing the company to foreign currency exchange rate risk[108](index=108&type=chunk) [Item 4. Controls and Procedures](index=30&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures as of March 31, 2025, and concluded they were effective at a reasonable assurance level, with no material changes in internal control over financial reporting during the quarter - Based on an evaluation as of March 31, 2025, the CEO and CFO concluded that the company's disclosure controls and procedures were **effective**[110](index=110&type=chunk) - No changes occurred during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[111](index=111&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=30&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings arising from the normal course of business, and management believes that the final outcome of these proceedings will not have a material adverse effect on the company's financial condition, results of operations, or cash flows - The company states that it is not involved in any litigation or proceedings that would have a **material adverse effect** on the business[55](index=55&type=chunk)[115](index=115&type=chunk) [Item 1A. Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - No material changes to the risk factors disclosed in the 2024 Form 10-K have occurred as of the filing date of this report[116](index=116&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the first quarter of 2025, the company repurchased 2.4 million shares of common stock for approximately $206.9 million under its publicly announced stock repurchase program, with $338.1 million remaining available for future repurchases as of March 31, 2025 Common Stock Repurchases in Q1 2025 | Period | Total Shares Purchased (millions) | Average Price Paid per Share | Value of Shares Remaining for Purchase (millions) | | :--- | :--- | :--- | :--- | | Jan 2025 | — | $— | $545.0 | | Feb 2025 | 1.8 | $88.42 | $386.2 | | Mar 2025 | 0.6 | $83.47 | $338.1 | | **Total** | **2.4** | | | - The stock repurchase program was authorized in July 2024, allowing for the purchase of up to **$1 billion** of outstanding common stock[118](index=118&type=chunk) [Item 6. Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Form 10-Q, including CEO and CFO certifications (pursuant to Sarbanes-Oxley Act Sections 302 and 906) and Inline XBRL documents - The report includes required certifications from the CEO and CFO under the Sarbanes-Oxley Act of 2002[122](index=122&type=chunk)