Yahoo Finance SS&C Technologies Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
SS&C Technologies Holdings (NASDAQ:SSNC) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.44b (up 5.3% from 1Q 2023).
Net income: US$157.6m (up 25% from 1Q 2023).
Profit margin: 11% (up from 9.2% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$0.64 (up from US$0.50 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SS&C Technologies Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 8.8%.
Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for SS&C Technologies Holdings (1 doesn't sit too well with us!) that you need to be mindful of.
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