Earnings release
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WINDSOR , CT , October 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 third quarter and nine months ended September 30 , 2021 . ( in millions , except per share data ) : GAAP Results SS & C Technologies Releases Q3 2021 Earnings Results Revenue Operating income Operating income margin Diluted earnings per share attributable to SS & C Q3 2021 GAAP revenue $ 1,264.4 million , up 9.7 % , Fully Diluted GAAP Earnings Per Share $ 0.69 , up 15.0 % Adjusted revenue $ 1,266.3 million , up 9.5 % , Adjusted Diluted Earnings Per Share $ 1.32 , up 20.0 % Adjusted operating income margin Adjusted diluted earnings per share attributable to SS & C ● $ 1,264.4 340.1 26.9 % $ 0.69 Adjusted Non - GAAP Results ( defined in Notes 1 - 4 below ) Adjusted revenue $ 1,266.3 Adjusted operating income attributable to SS & C 524.1 41.4 % $ 1.32 Third Quarter 2021 Highlights : ● ● ● Three Months Ended September 30 , 2021 2020 SS & C $ 1,152.8 257.0 22.3 % $ 0.60 PRESS RELEASE $ 1,156.2 448.8 38.8 % $ 1.10 Change SMART PEOPLE SUPERB TECHNOLOGY 9.7 % 32.3 % 460 bp 15.0 % Nine Months Ended September 30 , 2020 2021 $ 3,756.8 922.1 24.5 % $ 2.05 9.5 % $ 3,762.7 16.8 % 1,495.7 260 bp 39.8 % 20.0 % $ 3.75 $ 3,464.5 717.1 20.7 % $ 1.61 $ 3,475.0 1,323.1 38.1 % $ 3.17 Adjusted organic revenue growth for Q3 2021 was 8.2 % . SS & C reported record adjusted consolidated EBITDA attributable to SS & C of $ 538.9 million for the quarter , $ 1,541.9 million for the first nine months of 2021 . Change Adjusted consolidated EBITDA margin increased to 42.6 % , up 230 basis points from Q3 2020 . Repurchased 2.1 million shares of common stock in Q3 2021 at an average price of $ 75.97 per share for $ 162.9 million . Paid down $ 317.8 million in debt for the first nine months in 2021 , bringing consolidated net leverage ratio to 2.96x and our secured net leverage ratio to 1.97x consolidated EBITDA attributable to SS & C . In September , the vast majority of global offices re - opened and employees are attending in increasing numbers on a voluntary basis . 8.4 % 28.6 % 380 bp 27.3 % SS & C will host a virtual analyst day on November 10th , 2021 , featuring presentations from our C - suite executives , as well as several members of our senior management team . 8.3 % 13.0 % 170 bp 18.3 % " SS & C continues to gain momentum from the first half of year , and this quarter recorded 9.5 percent adjusted revenue growth , 8.2 percent adjusted organic revenue growth . Our business is running on all cylinders : our sales force is executing , our developers are rolling out new products , and our customer service levels are high , " says Bill Stone , Chairman and Chief Executive Officer . " Our businesses are capitalizing on the strong end markets , particularly in Alternatives and M & A , where our market leading position continues to solidify . We are optimistic to close out 2021 strong . " ssctech.com