SS&C Technologies (SSNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - SS&C Technologies reported revenue of $1.45 billion for the quarter ended June 2024, marking a year-over-year increase of 6.5% and an EPS of $1.27 compared to $1.08 a year ago [1] Revenue Breakdown - License, maintenance, and related revenues were $259.10 million, slightly below the average estimate of $261.64 million, reflecting a year-over-year change of +1.2% [4] - Software-enabled services revenues reached $1.19 billion, exceeding the average estimate of $1.18 billion, with a year-over-year increase of +7.8% [4] - Adjusted revenues for software-enabled services were also $1.19 billion, consistent with estimates and showing a +7.8% change year-over-year [4] - Adjusted revenues for license, maintenance, and related were $259.10 million, compared to an average estimate of $261.96 million, indicating a +1.2% year-over-year change [4] Performance Against Estimates - The reported revenue of $1.45 billion surpassed the Zacks Consensus Estimate of $1.44 billion, resulting in a surprise of +1.13% [5] - The company achieved an EPS surprise of +4.96%, with the consensus EPS estimate being $1.21 [5] Stock Performance - SS&C Technologies shares have returned +8.4% over the past month, contrasting with the Zacks S&P 500 composite's -0.3% change [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]