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SS&C Technologies issues Q1, FY'18 guidance

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SS&C Technologies issues Q1, FY'18 guidance

SS&C Technologies Holdings Inc. has provided its first-quarter and full-year 2018 guidance as well as its fourth-quarter and full-year 2017 financial results.

The company projects adjusted net income of $113.0 million to $117.5 million and adjusted revenue of $427.0 million to $437.0 million in the first quarter.

For 2018, it expects adjusted net income of $480.0 million to $502.0 million and adjusted revenue of about $1.76 billion to $1.79 billion.

The company reported net income of $165.3 million, or 77 cents per share, in the fourth quarter of 2017, higher than $57.0 million, or 28 cents per share, in the prior-year quarter.

Adjusted net income for the last three months of 2017 was $114.5 million, or 54 cents per share, up from $95.2 million, or 46 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the fourth quarter was 53 cents.

For 2017, the company had net income of $328.9 million, or $1.55 per share, up from $131.0 million, or 64 cents per share, in 2016.

Adjusted net income for 2017 was $409.2 million, or $1.93 per share, up from $337.5 million, or $1.64 per share, in 2016.

The S&P Capital IQ consensus normalized EPS estimate for 2017 was $1.93.