Exhibit 99.1
(PRESS RELEASE LOGO)
For Immediate Release
Contact:
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: investorrelations@sscinc.com
SS&C Technologies Reports Fourth Quarter and 2010 Results
Record Quarterly Revenue of $86 Million and 21% Increase over 2009 Revenues
WINDSOR, CT — February 17, 2011 — SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of software-enabled services and financial services software, today announced its financial results for the fourth quarter and full year ended December 31, 2010.
“2010 was the highest-ever revenue year in SS&C’s history and we believe we can continue our success in 2011,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc.
GAAP Results
The Company reported quarterly revenue of $86.1 million for the fourth quarter of 2010, compared to $71.0 million in the fourth quarter of 2009, or an increase of 21.2%. Total annual revenues for the year ended December 31, 2010 were $328.9 million, a 21.4% increase over the $270.9 million in 2009.
GAAP operating income for the fourth quarter of 2010 was $21.0 million, or 24.4% of revenue, up from $19.1 million in 2009’s fourth quarter. Operating income for the year ended December 31, 2010 was $79.8 million compared to $67.1 million for 2009.
Net income for the fourth quarter of 2010 was $9.2 million compared to $6.0 million in the fourth quarter of 2009. Net income for the year ended December 31, 2010 was $32.4 million compared to $19.0 million for 2009, a 70.4% increase.
On a fully diluted basis, earnings per share in the fourth quarter of 2010 were $0.12 and represent a 33.3% increase from $0.09 in the fourth quarter of 2009. On a fully diluted basis, earnings per share for the year ended December 31, 2010 were $0.44 and represent a 46.7% increase compared to 2009’s $0.30 per diluted share.
Non-GAAP Results
Adjusted Revenue, which is adjusted for one-time purchase accounting adjustments (a non-GAAP measure defined in note 1 to the attached Condensed Consolidated Financial Information), was $86.1 million for the fourth quarter of 2010, an increase of $15.0 million or 21.1% from $71.1 million in the same period for 2009.
Adjusted operating income (a non-GAAP financial measure defined in note 2 to the attached Condensed Consolidated Financial Information) in the fourth quarter of 2010 was $34.1 million, or 39.6% of revenue. This represents a 17.6% increase compared to $29.0 million and 40.8% of revenue, in the fourth quarter of 2009. Adjusted operating income for the year ended December 31, 2010 was $129.2 million. This represents a 21.3% increase compared to adjusted operating income of $106.5 million for 2009.

 

 


The following information was filed by Ssc Technologies Inc on Thursday, February 17, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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