SS&C Technologies: Q2 Earnings Snapshot

WINDSOR, Conn. (AP) _ SS&C Technologies Holdings Inc. (SSNC) on Wednesday reported second-quarter profit of $110.6 million.

On a per-share basis, the Windsor, Connecticut-based company said it had a profit of 42 cents. Earnings, adjusted for one-time gains and costs, were $1.10 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The financial services software maker posted revenue of $1.33 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $1.35 billion.

For the current quarter ending in October, SS&C Technologies expects its per-share earnings to range from $1.15 to $1.21.

The company said it expects revenue in the range of $1.32 billion to $1.36 billion for the fiscal third quarter.

SS&C Technologies expects full-year earnings in the range of $4.76 to $4.90 per share, with revenue ranging from $5.32 billion to $5.41 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSNC at https://www.zacks.com/ap/SSNC

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