- United States
- /
- Professional Services
- /
- NasdaqGS:SSNC
SS&C Technologies Holdings Full Year 2024 Earnings: EPS Beats Expectations
SS&C Technologies Holdings (NASDAQ:SSNC) Full Year 2024 Results
Key Financial Results
- Revenue: US$5.88b (up 6.9% from FY 2023).
- Net income: US$760.5m (up 25% from FY 2023).
- Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$3.09 (up from US$2.45 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SS&C Technologies Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%.
In the last 12 months, the only revenue segment was Software & Programming contributing US$5.88b. Notably, cost of sales worth US$3.02b amounted to 51% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$584.2m (28% of total expenses). Explore how SSNC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are up 7.1% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with SS&C Technologies Holdings.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:SSNC
SS&C Technologies Holdings
Provides software products and software-enabled services to financial services and healthcare industries.
Solid track record, good value and pays a dividend.
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