SS&C Technologies Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

SS&C Technologies Holdings (NASDAQ:SSNC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.47b (up 7.3% from 3Q 2023).
• Net income: US$164.4m (up 5.4% from 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: US$0.67 (up from US$0.63 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SS&C Technologies Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 8.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SS&C Technologies Holdings (1 makes us a bit uncomfortable!) that you need to be mindful of.

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