SS&C Technologies Holdings Inc (NASDAQ:SSNC) stock surged 5.08% in the pre-market trading session on Friday, following the release of its impressive fourth-quarter 2024 financial results and positive outlook for the year ahead.
The company reported record adjusted revenue of $1.531 billion for Q4 2024, an 8.4% increase year-over-year, driven by strong growth in its GlobeOp, Wealth and Investment Technologies, and Global Investor Distribution Services businesses. Adjusted diluted earnings per share (EPS) also hit a record high of $1.58, up 25.4% compared to Q4 2023.
Furthermore, SS&C Technologies demonstrated robust profitability with an adjusted consolidated EBITDA of $599.1 million, representing a 39.1% margin. The company's cash flow from operating activities grew 25.3% to $486.6 million, highlighting its strong cash generation capabilities. Additionally, SS&C Technologies secured a strategic agreement with Insignia Financial, bolstering its presence in the Australian superannuation market.
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