Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. WINDSOR, Conn., May 20, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has approved a quarterly dividend payout of $0.24 per share, consistent with its quarterly dividend policy. The dividend is payable on June 17, 2024, to stockholders of record as of the close of business on June 3, 2024. Follow SS&C on Twitter, LinkedIn and Facebook. About SS&C Technologies SOURCE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34675 SS&C TECHNOLOGIES HOLDINGS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

• Q1 2024 we bought back 0.8 million shares for $52.9 million, at an average price of $63.24 per share. • We paid down $79.9 million in debt in Q1 2024, bringing our net leverage ratio to 2.95 times consolidated EBITDA attributable to SS&C. • SS&C reported GAAP net income attributable to SS&C of $157.6 million, up 25.1 percent and adjusted consolidated EBITDA attributable to SS&C of $556.8 million for Q1 2024, up 9.4 percent. • GAAP operating income margin for Q1 2024 was 23.2 percent. Adjusted consolidated ...

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q1 2024 Results Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Justine Stone - Head of Investor Relations William Stone - Chairman of the Board and Chief Executive Officer Rahul Kanwar - President and Chief Operating Officer Brian Schell - Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Perlin - RBC Capital Markets Andrew Schmidt - Citigroup Alexei Gogolev - J.P. Morgan Peter Heckmann - D.A. Davi ...

Exhibit 99.1 SS&C Technologies Releases Q1 2024 Earnings Results Q1 2024 GAAP revenue $1,435.0 million, up 5.3%, Fully Diluted GAAP Earnings Per Share $0.62, up 26.5% Record Adjusted revenue $1,435.8 million, up 5.3%, Adjusted Diluted Earnings Per Share $1.28, up 12.3% WINDSOR, CT, April 25, 2024 (PR Newswire) 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 first q ...

Financial Performance and Revenue - The company's operating results, including profit margins and profitability, are expected to fluctuate over time due to various factors such as the timing and nature of license and service transactions [106]. - In 2023, international revenues accounted for 31% of total revenues, up from 29% in 2022 and 28% in 2021 [126]. - Revenue generated from the U.K. was approximately $638.6 million in 2023, compared to $573.1 million in 2022 and $596.0 million in 2021 [127]. - The lengthy and unpredictable sales cycles of large client engagements may impact revenue recognition and operational results [107]. Regulatory and Compliance Risks - The company is subject to evolving regulations and increased scrutiny from regulators, which could adversely affect business operations [137]. - The company is subject to the U.K. version of the GDPR, which could lead to additional compliance costs and regulatory challenges [149]. - The company faces potential fines under the GDPR of up to €20 million or 4% of the noncompliant company's annual global turnover, whichever is higher [150]. - Legal and regulatory risks could significantly damage the company's reputation and business prospects [135]. - Changes in applicable laws and regulations could diminish clients' business or financial condition, impacting demand for the company's products and services [144]. Financial Condition and Debt - As of December 31, 2023, the company had total indebtedness of $6,755.1 million and an additional $598.7 million available for borrowings under its revolving credit facility [152]. - The company estimates that its current levels of indebtedness will result in annual interest payments of approximately $463.7 million [154]. - The company’s ability to pay dividends is limited by its status as a holding company and the terms of its indebtedness agreements [167]. - The company’s financial health may be adversely affected by increased interest rates and restrictive covenants in its credit agreements [153]. - Total debt as of December 31, 2023, was $6,755.1 million, including $4,755.1 million of variable interest rate debt; a 100 basis point increase in interest rates would result in an additional interest expense of approximately $47.6 million per year [280]. Operational Risks - The company relies on third-party service providers for IT infrastructure, and disruptions to their systems could harm business operations [110]. - The company faces risks related to undetected software design defects, which could lead to client data loss and litigation, adversely affecting its reputation and financial condition [124]. - The potential for catastrophic events, such as natural disasters or pandemics, could disrupt operations and negatively impact financial performance [113]. - The company may face challenges in adapting to rapidly changing technology and evolving industry standards, which could affect its ability to meet client needs [122]. Currency and Investment Risks - The company is exposed to fluctuations in currency exchange rates, which could negatively impact operating results and financial condition [128]. - The company does not currently engage in material hedging activities, increasing exposure to exchange rate movements [129]. - Investment decisions regarding cash balances could expose the company to losses, adversely affecting revenues from client fund cash balances [125]. - Investments in funds and joint ventures may decline in value, potentially adversely affecting financial condition or operating results [130]. - The fair value of investments subject to equity price risk as of December 31, 2023, was approximately $49.0 million, with a 10% change in fair value impacting net income by approximately $3.6 million [281]. Management and Shareholder Interests - The company has significant control exerted by its Chairman and CEO, who beneficially owns approximately 14.1% of the outstanding shares [166]. - The company’s management has broad discretion in the use of existing cash resources, which may not align with shareholder interests [168]. - Average daily cash balances maintained in bank accounts for 2023 were approximately $1.7 billion, with a 100 basis point change in interest rates equating to approximately $9.4 million of net income annually [279].

1 2 Forward-looking statements are only predictions that relate to future events or our future performance and are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. Other factors ...

Financial Data and Key Metrics Changes - The company reported record adjusted revenue of $1.412 billion, an increase of 5.5% year-over-year, with adjusted diluted earnings per share rising by 8.6% to $1.26 [7][12][37] - Adjusted consolidated EBITDA reached $563 million, marking the highest in the company's history, with an EBITDA margin of 39.8%, a 300 basis point increase from Q2 2023 [7][14][35] - Net cash from operating activities for 2023 was $1.215 billion, with a net leverage ratio of 3.05 times and a net secured leverage ratio of 2.1 times [8][15] Business Line Data and Key Metrics Changes - The alternatives business grew by 7.8%, Intralinks by 18.6%, and Retirement by 12.8% in Q4 [35] - The adjusted organic revenue growth for Q4 was 4.5%, driven by strength in alternatives, retirement, and Intralinks businesses [31][35] - Recurring revenue growth rate for financial services was 6.9%, up from 5.9% in Q3 [31] Market Data and Key Metrics Changes - The company processed 15 million claims in January, exceeding expectations by over 10%, and anticipates processing 45 million claims by the end of Q1 [33] - The financial services revenue retention rate remains above 97% over the last 12 months [31] Company Strategy and Development Direction - The company is focused on product innovation and enhancements, as well as client service, with a continued emphasis on managing expenses and improving operating margins [40] - The digital worker initiative is expected to yield $100 million in annual savings, with plans to increase productivity through automation strategies [35][40] - The company aims to capitalize on regulatory changes driving activity in retirement income solutions and rollovers [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about opportunities in the financial services industry as firms seek to reduce costs and improve technology [11] - The company anticipates a similar focus on share repurchases in 2024, with guidance for adjusted organic revenue growth in the range of 2.7% to 6.3% [8][16][41] - Management noted that the rise in short-term interest rates has impacted earnings per share, contributing to a slight decline compared to the previous year [39] Other Important Information - The company plans to roll out the second release of DomaniRx, which will include full commercial Medicare and Medicaid functionality, in June 2024 [9] - The company has appointed Debra Walton-Ruskin as a new Director on the Board, bringing extensive experience in fintech and financial data [43] Q&A Session Summary Question: What is embedded in guidance for organic growth? - Management highlighted accomplishments in Q4 2023, including large insurance company implementations, which provide confidence for 2024 [45] Question: Can you contextualize the growth in Alternatives? - Management indicated that private markets are a significant contributor, with approximately 35% to 40% of revenue coming from private equity and private credit [66] Question: What is the target for digital workers? - Management expects opportunities to increase margins by 100 to 200 basis points through digital worker processes [72] Question: What does the deal pipeline look like for M&A? - Management is focused on expanding fund administration and targeting existing businesses that can enhance current client services [86] Question: How much of the incremental revenue in 2024 is expected from price increases? - Management anticipates a similar amount of price lift in 2024 as seen in 2023, with a more predictable view on revenue [87]

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%201.%20FINANCIAL%20INFORMATION) [Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) SS&C Technologies Holdings, Inc.'s unaudited condensed consolidated financial statements detail financial position, performance, and cash flows for the periods ended September 30, 2023 Condensed Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total Assets | $16,180.0 | $16,653.3 | | Total Liabilities | $9,975.7 | $10,550.4 | | Total Equity | $6,201.5 | $6,100.8 | Condensed Consolidated Statements of Comprehensive Income Highlights (in millions, except per share data) | Metric | Q3 2023 | Q3 2022 | YTD 2023 | YTD 2022 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $1,365.9 | $1,321.0 | $4,091.2 | $3,944.7 | | Operating Income | $306.4 | $304.2 | $874.7 | $841.6 | | Net Income | $156.6 | $159.8 | $413.7 | $441.4 | | Diluted EPS | $0.61 | $0.61 | $1.62 | $1.68 | Condensed Consolidated Statements of Cash Flows Highlights (in millions) | Cash Flow Activity | Nine Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $826.7 | $764.6 | | Net cash used in investing activities | ($167.1) | ($1,707.8) | | Net cash used in financing activities | ($812.6) | ($751.7) | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes support the financial statements, covering revenue disaggregation, debt structure, compensation, and legal contingencies Revenue by Source - Q3 2023 vs Q3 2022 (in millions) | Revenue Source | Q3 2023 | Q3 2022 | | :--- | :--- | :--- | | Software-enabled services | $1,122.1 | $1,049.8 | | Maintenance and term licenses | $211.6 | $237.4 | | Professional services | $26.8 | $27.7 | | Perpetual licenses | $5.4 | $6.1 | - As of September 30, 2023, total debt consisted of **$4.83 billion** in senior secured credit facilities and **$2.0 billion** in 5.5% senior notes due 2027[34](index=34&type=chunk) - In connection with the DST ERISA legal proceedings, the company recorded an accrued liability of **$55.1 million**; the settlement was granted final approval on October 25, 2023[51](index=51&type=chunk)[61](index=61&type=chunk) - Subsequent to the quarter end, on October 1, 2023, the company acquired OneVue Fund Services Pty Ltd. for approximately **$32.5 million** in cash[72](index=72&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, highlighting revenue growth, increased interest expense, strong liquidity, and debt covenant compliance [Results of Operations](index=22&type=section&id=Results%20of%20Operations) Operating results are detailed, showing revenue growth from software-enabled services, improved gross margin, and increased net interest expense Revenue Change - Q3 2023 vs Q3 2022 (in millions) | Revenue Source | Q3 2023 | Q3 2022 | % Change | | :--- | :--- | :--- | :--- | | Software-enabled services | $1,122.1 | $1,049.8 | 6.9% | | License, maintenance and related | $243.8 | $271.2 | (10.1)% | | **Total revenues** | **$1,365.9** | **$1,321.0** | **3.4%** | - The increase in Q3 2023 revenues was primarily driven by **$29.4 million** in organic growth, strength in SS&C GlobeOp fund administration, virtual data room services, Global Investor and Distribution Solutions, and the Blue Prism business[78](index=78&type=chunk) - Net interest expense for Q3 2023 was **$120.6 million**, a significant increase from **$86.0 million** in Q3 2022, driven by a higher average interest rate on debt (**6.87%** vs. **4.55%**)[86](index=86&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) The company's cash requirements and sources are outlined, detailing operating cash flow, uses of cash, and available liquidity Summary of Cash Flows - Nine Months Ended Sep 30, 2023 (in millions) | Activity | Amount | | :--- | :--- | | Net cash provided by operating activities | $826.7 | | Purchases of common stock for treasury | ($341.0) | | Net repayments of debt | ($224.5) | | Dividends paid on common stock | ($160.9) | | Capitalized software development costs | ($140.9) | - As of September 30, 2023, the company had **$523.7 million** available for borrowing under its **$600.0 million** Revolving Credit Facility[101](index=101&type=chunk) [Covenant Compliance](index=27&type=section&id=Covenant%20Compliance) The company's compliance with its maximum consolidated net secured leverage ratio is detailed, including Consolidated EBITDA calculations Consolidated Net Secured Leverage Ratio as of Sep 30, 2023 | Metric | Requirement | Actual | | :--- | :--- | :--- | | Maximum consolidated net secured leverage to Consolidated EBITDA ratio | 6.25x | 2.21x | - Consolidated EBITDA attributable to SS&C common stockholders for the twelve months ended September 30, 2023, was **$2,063.8 million**[117](index=117&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's exposure to market risks, including interest rate, equity price, and foreign currency fluctuations, is discussed - At September 30, 2023, the company had approximately **$4,905.1 million** in variable interest rate debt; a **100 basis point** increase in rates would increase annual interest expense by about **$49.1 million**[127](index=127&type=chunk) - The company has **$49.0 million** in investments exposed to equity price risk; a **10%** change in fair value would impact net income by approximately **$3.6 million**[128](index=128&type=chunk) - For the nine months ended September 30, 2023, about **31%** of revenues were from clients outside the United States, with the majority of foreign currency exposure denominated in the British pound[129](index=129&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls over financial reporting - The CEO and CFO concluded that as of September 30, 2023, the company's disclosure controls and procedures were effective at the reasonable assurance level[132](index=132&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[133](index=133&type=chunk) [PART II. OTHER INFORMATION](index=32&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=32&type=section&id=Item%201.%20Legal%20Proceedings) Legal proceedings are detailed, including the final approval of the DST ERISA settlement and assessment of other ongoing matters - The company incorporates by reference the details of legal proceedings from Note 14, which describes the DST ERISA matters[135](index=135&type=chunk) - A settlement for the DST ERISA matters was granted final approval on October 25, 2023; DST will pay approximately **$55.1 million** to fund its share of the global settlement[51](index=51&type=chunk)[61](index=61&type=chunk) [Risk Factors](index=32&type=section&id=Item%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were identified since the last annual report - There have been no material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2022[137](index=137&type=chunk) [Issuer Purchases of Equity Securities](index=32&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Details of common stock repurchases during Q3 2023 are provided, including the new $1 billion repurchase program Share Repurchases in Q3 2023 | Period | Total Shares Purchased (millions) | Average Price Paid per Share | | :--- | :--- | :--- | | July 2023 | — | $ — | | August 2023 | 1.5 | $56.65 | | September 2023 | 0.2 | $54.49 | | **Total** | **1.7** | | - In July 2023, the Board of Directors authorized a new stock repurchase program, allowing for the purchase of up to **$1 billion** of outstanding common stock[36](index=36&type=chunk)[139](index=139&type=chunk) [Exhibits](index=33&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including executive offer letters and required SOX certifications - The exhibits filed with the report include an offer letter for Brian N. Schell and certifications from the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[142](index=142&type=chunk)

Financial Data and Key Metrics Changes - Q3 2023 adjusted organic revenue increased by 2.3%, driven by strength in alternatives, particularly private markets, Intralinks, Retirement, and Blue Prism [9] - Q3 2023 GAAP revenues were $1,365.9 million, with net income of $156 million and diluted earnings per share of $0.61 [17] - Adjusted revenues for Q3 2023 were $1,366.7 million, up 3.4% year-over-year, with adjusted diluted EPS of $1.17, a 1.7% increase from Q3 2022 [17][18] - Cash from operating activities for the nine months ended September 30 was $826.7 million, up 8.1% year-over-year [10] - The company paid down $54.7 million in debt in Q3 2023, resulting in a net leverage ratio of 3.18 times consolidated EBITDA [11][26] Business Line Data and Key Metrics Changes - The Alternatives business grew by 8.4% in Q3, supported by a significant private credit client acquisition [20] - Intralinks experienced over 10% growth despite low M&A deal volume, attributed to increased contract values and new tools [40] - Retirement services grew by 15% in Q3, reflecting the go-live of large clients from previous deals [54] Market Data and Key Metrics Changes - Financial Services retention rate for Q3 2023 was 97.3%, the highest in the company's history [9] - The company reported a significant deal pipeline in fund administration exceeding $400 million, indicating strong future revenue potential [38] Company Strategy and Development Direction - The company emphasizes client service and aims to maintain high retention rates while managing expenses with a disciplined approach [27] - Focus on enhancing productivity through digital workers and automation technologies, with a notable deployment of Blue Prism digital workers [19][21] - The company is optimistic about growth opportunities in the healthcare sector, particularly with the DomaniRx initiative [111] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to cross-sell and upsell within the existing client base, contributing to improved retention rates [36] - The company anticipates adjusted organic growth for Q4 in the range of 1.8% to 4.8%, with full-year growth expected between 2.1% and 2.9% [27][30] - Management acknowledged challenges in software license revenue but expects a rebound in Q4 and 2024 [38][86] Other Important Information - The company raised its quarterly dividend by 20% to $0.24 per share, returning $156.6 million to shareholders in Q3 [10] - The company showcased over 40 solutions at the SS&C Deliver Conference, emphasizing AI and robotic process automation [32] Q&A Session Summary Question: What is driving the revenue retention rates? - Management attributed high retention rates to a focus on customer service and improved customer relationship management programs [36] Question: Can you discuss the deal pipeline and conversion cycles? - Management noted a strong pipeline in fund administration and expected a rebound in software license revenue [38][45] Question: What is driving the growth in the retirement segment? - Growth was driven by the go-live of large clients, with more expected in 2024 [54][92] Question: Are there any M&A opportunities in the market? - Management indicated interest in tuck-in acquisitions but emphasized the need for discipline in pricing [90] Question: How is the healthcare business performing? - The healthcare segment is stabilizing, with significant opportunities anticipated from the DomaniRx initiative [111]