Advent Software Inc (ADVS) SEC Filing 10-Q Quarterly report for the period ending Tuesday, September 30, 2014

Exhibit 99.1

ADVENT SOFTWARE REPORTS THIRD QUARTER

2014 RESULTS

·                  GAAP Diluted EPS of $0.22, up 22%

·                  Non-GAAP Diluted EPS of $0.37, up 18%

·                  Operating Cash Flow of $28 Million, up 24%

SAN FRANCISCO — October 27, 2014

“Advent posted another solid performance in the quarter, with excellent profitability and robust cash flow,” said Pete Hess, Chief Executive Officer of Advent. “We had great attendance at AdventConnect, our annual client conference, and clients and prospects responded enthusiastically to the many enhancements we showcased across our solution suite, as evidenced by our strong renewals and healthy bookings this quarter.”

THIRD QUARTER 2014 RESULTS

GAAP Results for Continuing Operations

Advent reported quarterly revenue of $99.0 million for the third quarter of 2014, compared to $96.8 million in the third quarter of 2013, a 2% increase.

Operating income for the third quarter of 2014 was $20.2 million, or 20.5% of revenue, compared to operating income of $17.4 million in the third quarter of 2013, a 17% increase.

Net income for the third quarter of 2014 was $12.0 million, compared to net income of $9.8 million in the third quarter of 2013. On a fully diluted basis, earnings per share for the third quarter of 2014 were $0.22 compared to $0.18 in the third quarter of 2013, a 22% increase.

Operating cash flow for the third quarter of 2014 was $28.3 million, compared with $22.8 million in the third quarter of 2013, a 24% increase.

Cash and cash equivalents totaled $37 million as of September 30, 2014, compared to $41 million as of June 30, 2014. Total outstanding debt as of September 30, 2014 was $255 million compared to $280 million as of June 30, 2014.

Deferred revenue as of September 30, 2014 was $184 million, compared to $183 million as of June 30, 2014.

During the quarter, Advent’s Board of Directors approved a quarterly dividend of $0.13 per share. The cash dividend payment was made on October 15, 2014 to shareholders of record of Advent’s common stock at the close of business on September 30, 2014.

Non-GAAP Results for Continuing Operations

Non-GAAP operating income for the third quarter of 2014 was $32.1 million, or 32.4% of revenue, an 11% increase compared to $29.0 million, or 30.0% of revenue, in the third quarter of 2013.

On a fully diluted basis, non-GAAP earnings per share were $0.37 for the third quarter of 2014 and represent an 18% increase from non-GAAP diluted net income per share of $0.31 in the third quarter of 2013.