SS&C Technologies Q2 Profit Rises

(RTTNews) - SS&C Technologies Holdings, Inc. (SSNC) Thursday reported second-quarter net income of $27.2 million or $0.31 per share, up from $26.1 million or $0.31 per share last year.

Adjusted earnings for the quarter improved to $0.57 per share from $0.48 per share last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $188.7 million from $177.5 million last year. Analysts currently estimate revenues of $189.17 million for the quarter.

Looking forward to the third quarter, the company expects revenues of $190 million to $194 million. Analysts currently estimate revenues of $194.47 million.

For the full year 2014, the company now expects revenues of $757 million to $770 million. Analysts currently estimate revenues of $767.43 million.