Advent Software Inc (ADVS) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2013

Exhibit 99.1

Advent Software Reports Third Quarter 2013 Results

Company Achieves Record Quarterly Revenue of $97 Million

SAN FRANCISCO — October 28, 2013

“Advent delivered record revenues and solid profitability, demonstrating the value customers continue to place on our solutions,” said Pete Hess, Chief Executive Officer at Advent. “Third quarter highlights also included our successful annual client conference, AdventConnect, where we shared a well-received preview of our new cloud-based solution platform, which launches next year. It’s exciting to see the enthusiasm as we continue to sharpen our focus on our clients’ success.”

THIRD QUARTER 2013 RESULTS

GAAP Results for Continuing Operations

The Company reported quarterly revenue of $96.8 million for the third quarter of 2013, compared to $90.2 million in the third quarter of 2012, a 7% increase.

Operating income for the third quarter of 2013 was $17.4 million, or 18.0% of revenue, compared to $12.6 million or 14.0% of revenue for the third quarter of 2012.

Net income for the third quarter of 2013 was $9.8 million compared to $7.7 million in the third quarter of 2012.

On a fully diluted basis, earnings per share in the third quarter of 2013 were $0.18, compared to $0.15 in the third quarter of 2012.

Operating cash flow in the third quarter of 2013 was $22.8 million, compared with $25.3 million in the third quarter of 2012.

Cash, cash equivalents and marketable securities totaled $41 million as of September 30, 2013, compared to $404 million as of June 30, 2013. On July 9, 2013, the Company paid a one-time special cash dividend of $9 per share totaling approximately $470 million. The special dividend was financed with cash on hand and proceeds from Advent’s recently closed $425 million senior credit facility. Total outstanding debt as of September 30, 2013 was $350 million compared to $225 million as of June 30, 2013.

Deferred revenue as of September 30, 2013 was $173 million, compared to $174 million as of June 30, 2013.

Non-GAAP Results for Continuing Operations

Non-GAAP operating income for the third quarter of 2013 was $29.0 million, or 30.0% of revenue. This represents a 39% increase compared to $20.8 million, or 23.1% of revenue, in the third quarter of 2012.  On a fully diluted basis, non-GAAP earnings per share were $0.31 in the third quarter of 2013 and represent a 22% increase from non-GAAP diluted earnings per share of $0.26 in the third quarter of 2012.

The reconciliation between GAAP and non-GAAP financial measures is provided at the end of this press release.