SS&C Technologies Surpasses Expectations in Q1 2025 with Strong Revenue Growth and Expanding Global Presence
SS&C Technologies, a leading provider of financial services technology solutions, has reported a strong first quarter in 2025, exceeding expectations across various key performance indicators.
The company's adjusted revenue for the quarter reached $1.5148 billion, representing a 5.5% increase year-over-year, while adjusted diluted earnings per share came in at $1.44, a notable 8.3% growth over the same period last year. Adjusted consolidated EBITDA was also up by 6.3%, resulting in a quarterly adjusted consolidated EBITDA margin of 39.1%. Moreover, SS&C's first quarter adjusted organic revenue growth was a healthy 5.1%, driven primarily by its GlobeOp Wealth and Investment Technologies and Global Investor and Distribution Services business.
"Our strong performance in the first quarter is a testament to our ability to execute on our strategies and capitalize on emerging trends," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "We continue to see success internationally across several of our businesses, and our focus on expanding our global presence remains unwavering."
In particular, GlobeOp posted a notable 10.3% organic growth in the quarter, with positive trends observed in private market and retail alternatives. Wealth and Investment Technology saw continued strength in the Wealth segment, while Global Investor and Distribution Solutions business enjoyed steady growth supported by key customer renewals and new retirement mandates.
The company's recurring revenue growth rate for financial services was a robust 5.9% in Q1, incorporating all software-enabled services and maintenance revenues. SS&C also saw significant improvement in cash from operating activities, which reached $272.2 million, a substantial 50.8% increase over the same period last year.
Notably, SS&C continues to expand its international presence, having signed a strategic lift-out agreement with Insignia Financial and winning additional Australia mandates. The company also hosted one SS&C event in Sydney, which has led to an increased profile, and met with several of its largest clients. Moreover, Daneva had one of its best quarters in EMEA history, securing 3 major deals in the region.
"We are proud to have outpaced our competitors and distributed functional depth and breadth globally," added Bill Stone. "Our focus on expanding into the Middle East has been particularly successful, with flagship clients driving regional growth."
In conclusion, SS&C Technologies' Q1 2025 results demonstrate the company's resilience and ability to navigate a rapidly changing market landscape. With its strong financial performance and expanding global presence, the company remains well-positioned for continued success in the years ahead.
