SS&C Technologies (SSNC) Reports Acquisition of Innovest Systems
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SS&C Technologies (SSNC) Tops Q1 EPS by 7c
April 30, 2020 4:26 PM EDTSS&C Technologies (NASDAQ: SSNC) reported Q1 EPS of $1.03, $0.07 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.17 billion.
First Quarter Highlights:
Cash flow provided by operations for Q1 2020 was $147.7 million, up 7.5 percent from $137.4 million in Q1 2019.Paid down $2,142.3 million of net debt since our April 2018 acquisition of DST Systems, bringing our net leverage ratio to 3.74 times consolidated EBITDA, and our net secured leverage ratio to 2.67 times... More