Earnings release
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SS & C Technologies Releases Q2 2021 Earnings Results , Announces $ 1 Billion Common Stock Repurchase Program WINDSOR , CT , July 28 , 2021 ( PR Newswire ) SS & C Technologies Holdings , Inc. ( NASDAQ : SSNC ) , a global provider of investment , financial and healthcare software - enabled services and software , today announced its financial results for the second quarter and full year ended June 30 , 2021 . ( in millions , except per share data ) : GAAP Results Q2 2021 GAAP revenue $ 1,259.0 million , up 10.6 % , Fully Diluted GAAP Earnings Per Share $ 0.71 , up 10.9 % Adjusted revenue $ 1,261.0 million , up 10.5 % , Adjusted Diluted Earnings Per Share $ 1.24 , up 19.2 % Revenue Operating income Operating income margin Diluted earnings per share Adjusted operating income Adjusted operating income margin Adjusted diluted earnings per share ● ● Adjusted Non - GAAP Results ( defined in Notes 1 - 4 below ) Adjusted revenue $ 1,261.0 $ 1,140.8 495.8 39.3 % Second Quarter 2021 Highlights : Three Months Three Months Ended June 30 , Ended June 30 , 2021 2020 $ 1,259.0 312.9 24.9 % $ 0.71 $ 1.24 SS & C Change $ 1,138.1 10.6 % 241.3 29.7 % 21.2 % $ 0.64 PRESS RELEASE 370 bp 10.9 % 10.5 % 430.1 15.3 % 37.7 % 160 bp $ 1.04 19.2 % SMART PEOPLE SUPERB TECHNOLOGY Six Months Ended June 30 , 2021 $ 2,492.4 582.0 23.4 % $ 1.36 $ 2,496.4 971.6 38.9 % $ 2.42 Six Months Ended June 30 , 2020 $ 2,311.7 460.1 19.9 % $ 1.01 $ 2,318.8 874.3 37.7 % $ 2.07 Change 7.8 % 26.5 % 350 bp 34.7 % 7.7 % 11.1 % 120 bp Adjusted organic revenue growth for Q2 2021 was 7.2 % . SS & C reported record adjusted consolidated EBTIDA of $ 511.1 million for the quarter , $ 1,003.0 million for the first six months 2021 . Repurchased 2.0 million shares of common stock in Q2 2021 at an average price of $ 73.44 per share for $ 143.6 million . Paid down $ 183.1 million in debt for the first six months in 2021 , bringing consolidated net leverage ratio to 3.12x and our secured net leverage ratio to 2.09x consolidated EBTIDA . 16.9 % As of June 28 , 2021 , SS & C restructured the management of former DST financial services products and services offering to further align and integrate teams . In July , SS & C announced it has entered into a joint venture with healthcare industry leaders to create a new cloud native , API - driven claims adjudication platform , called DomaniRx . We believe this will shape the future of Pharmacy Benefit Management ( PBM ) and harmonize the payer and provider management user experience . " SS & C continues to post strong results . Q2 2021 finished with 10.5 % adjusted revenue growth , and 7.2 % adjusted organic growth . We saw outperformance from all of our business units this quarter , and expect the momentum to carry into the second half of the year , " says Bill Stone , Chairman and Chief Executive Officer . " We simplified our organizational structure to focus on growth opportunities , and our teams delivered . Since Q1 2020 we have added $ 400 billion to our ssctech.com