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WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) reported better-than-expected second quarter results on Wednesday, with adjusted earnings and revenue surpassing analyst estimates, sending shares up 2.7% in response to the strong performance.
The financial software and services provider posted adjusted earnings per share of $1.45 for the second quarter, exceeding the analyst consensus of $1.39. Revenue reached $1.54 billion, topping the expected $1.51 billion and representing a 5.9% increase YoY. The company’s adjusted revenue hit a record $1.54 billion, while adjusted consolidated EBITDA surpassed $600 million for the first time.
"SS&C reported record adjusted revenues of $1,537.8 million and record adjusted consolidated EBITDA surpassing $600 million," said Bill Stone, Chairman and Chief Executive Officer. "We are bullish on our opportunity across the globe in Europe, the Middle East, and Australia, and expect strong performance through the second half of the year."
The company’s adjusted operating income rose 7.7% to $583.5 million, while adjusted operating income margin improved to 37.9%, up 60 basis points from the same period last year. Net cash generated from operating activities reached $645.1 million for the first half of 2025, representing a 14.1% increase compared to the same period in 2024.
For the third quarter, SS&C expects adjusted earnings of $1.44 to $1.50 per share on revenue between $1.525 billion and $1.565 billion, largely in line with analyst expectations of $1.46 per share and $1.551 billion in revenue. Full-year guidance projects adjusted earnings of $5.82 to $6.06 per share on revenue of $6.143 billion to $6.243 billion.
During the quarter, SS&C repurchased 3.4 million shares for $269 million at an average price of $77.99 per share. The company also announced a definitive agreement to acquire Calastone, a global funds network, for approximately $1.03 billion, with the acquisition expected to close in the fourth quarter of 2025.
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