SS & C Technologies Announces Financial Results for the First Quarter of 2019

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Non-GAAP financial measures"data-reactid =" 50 ">Non-GAAP financial measures

Adjusted revenue, adjusted operating income, Adjusted EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See accompanying notes for reconciliations and definitions of each of these non-GAAP measures and the reasons why our management believes that these measures provide useful information to investors regarding our financial position and results. 39; operation.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Call for results and press release"data-reactid =" 52 ">Call for results and press release

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The call of the first quarter 2019 results of SS & C will take place at 17:00. Eastern Time aujourd & # 39; hui, April 30, 2019. & nbsp; This call will focus on the results of the first quarter of 2019, as well as our forecasts and business prospects. & nbsp; Interested parties can call 844-343-4183 (United States and Canada) or 647-689-5128 (International) and request the "SS & C Technologies First Quarter 2019 Teleconference"; conference number 1798633. & nbsp; A replay will be available after 22:00. Eastern Time sure April 30, 2019until midnight May 7, 2019. & nbsp; The number is 800-585-8367 or 416-621-4642; access code # 1798633. & nbsp; The call will also be available to be replayed on the SS & C website after April 30, 2019; access: http://investor.ssctech.com/results.cfm"data-reactid =" 53 "> The call for SS & C results for the first quarter of 2019 will be held at 17:00. Eastern Time aujourd & # 39; hui, April 30, 2019. This call will focus on the results of the first quarter of 2019, as well as our forecasts and business prospects. Interested parties can call 844-343-4183 (United States and Canada) or 647-689-5128 (International), and request the "SS & C Technologies First Quarter 2019 Teleconference"; conference number 1798633. A replay will be available after 22:00. Eastern Time sure April 30, 2019until midnight May 7, 2019. The dial-in number is 800-585-8367 or 416-621-4642; access code # 1798633. The call will also be available to be replayed on the SS & C website after April 30, 2019; access: http://investor.ssctech.com/results.cfm.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Certain information contained in this press release relating to, among other things, the Company's financial forecasts for the second quarter and fiscal year 2019 constitute forward-looking statements for the purposes of the Safe Harbor provisions of the 1995 Act. Litigation Reform Act. & Nbsp; Forward-looking statements include statements regarding plans, objectives, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions and other statements that are not statements of historical fact.& nbsp; Without limiting the foregoing, the words "believes," "plans," "plans," "plans," "estimates," "plans," "forecasts," "may," "assumes," "has," intention "," go "," continue "," opportunity "," expect "," potential "," future "," guarantee "," likely "," target "," indicate "," would "," could " & "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words.& nbsp; Such statements reflect The direction& nbsp;We advise you to rely on known factors, but subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. & nbsp; These risks and uncertainties include, but are not limited to, the state of the economy, the financial services industry and other business segments in which the Company's customers practice their business. activities, the Company's ability to realize the expected benefits of its acquisitions, including DST Systems, Inc., & nbsp; effect of customer consolidation on the demand for the company's products and services, the increasing concentration of the company's activities on the hedge fund industry, product variability resulting from securities market activities, the ability to retain and attract customers, fluctuations in customer demand for the Company's products and services, intensity of competition for the Company's products and services, exposure to litigation and other claims, terrorist and other catastrophic events, disruptions, attacks or failures affecting the company's software – activated services, risks related to the Company's foreign operations, confidentiality concerns related to the collection and storage of personal information, changes in regulations and increased monitoring regulators, & nbsp; the company's ability to protect its intellectual property assets and litigation over intellectual property rights, product development delays, investment decisions regarding cash balances, regulatory and tax risks, risks related to the Company's joint ventures, changes in accounting standards, the risks associated with the Company's substantial debt risk, the prevailing market price of the Company's shares from time to time, and the risks described in the "Factors" section. risk "of the Company's latest annual report on Form 10-K and the Quarterly Report on Form 10-Q, which is filed with the Securities and Exchange Commission and is also available on our website. & nbsp; Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we assume no obligation to update or revise such statements."data-reactid =" 54 ">Certain information contained in this press release relating to, among other things, the Company's financial forecasts for the second quarter and fiscal year 2019 constitute forward-looking statements for the purposes of the Safe Harbor provisions of the 1995 Act. the Private Securities Litigation Reform Act. Forward-looking statements include statements regarding plans, objectives, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions and other statements that are not statements of historical fact. Without limiting the foregoing, the words "believes," "plans," "plans," "plans," "estimates," "plans," "forecasts," "may," "assumes," "has," intention "," go "," continue "," opportunity "," expect "," potential "," future "," guarantee "," likely "," target "," indicate "," would "," could " and "should" and similar The terms are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Such statements reflect The direction The best judgment based on factors that are currently known, but subject to risks and uncertainties, could result in a significant difference between actual and anticipated results. These risks and uncertainties include, but are not limited to, the state of the economy, the financial services industry and other business segments in which the Company's customers practice their business. activities, the ability of the Company to realize the expected benefits of its acquisitions, including DST Systems, Inc., the effects of customer consolidation on the demand for the Company's products and services, and the increasing concentration of its business on the hedge fund industry, product variability resulting from securities market activities, the ability to retain and attract customers, fluctuations in customer demand for the company's products and services; Intensity of competition regarding the products and services of the company, the risk of litigation and other claims, terrorist activities and other catastrophic events, eg rturbations, attacks or failures affecting the company's software-enabled services, risks associated with the company's overseas operations, privacy concerns related to the collection and storage of personal information, regulatory developments and the increased vigilance of regulators, the ability of the company to protect intellectual property assets and intellectual property rights litigation, delays in product development, investment decisions regarding cash balances, risks the Company's joint ventures, changes in accounting standards, risks related to its significant indebtedness, the market price of the Company's shares prevailing from time to time, and the risks described in the section "Factors of risk "of the last annual report on company form 10-K and the quarterly report on Form 10-Q, which are archived by the Securities and Exchange Commission and can also be found on our website. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we assume no obligation to update or revise such statements.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "About SS & C Technologies"data-reactid =" 55 ">About SS & C technologies

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SS & C is a global supplier of investments and services and software compatible with financial software for the global financial services and healthcare sectors. & nbsp; Founded in 1986, SS & C is headquartered in Windsor, Connecticut and has offices around the world. & nbsp; Financial services and health care companies, from the world's largest institutions to local businesses, manage and report on their investments using SS & C products and services; & nbsp; "data-reactid =" 56 "> SS & C is a global provider of software and investment software and services for the financial services and healthcare industries, founded in 1986, with SS & C its headquarters Windsor, Connecticut and has offices around the world. Financial and health care organizations, from the largest global institutions to local businesses, manage and report on their investments using SS & C products and services.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "SS & C Technologies Holdings, Inc. and its subsidiaries
Disclosure of non-GAAP financial measures"data-reactid =" 68 ">SS & C Technologies Holdings, Inc. and its subsidiaries
Disclosure of non-GAAP financial measures

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Note 1. Reconciliation of Revenues and Adjusted Revenues"data-reactid =" 69 ">Note 1. Reconciliation of Revenues and Adjusted Revenues

Adjusted revenue represents adjusted revenue to include (a) amounts that would have been recorded if deferred revenue was not adjusted to fair value at the date of acquisition and (b) amounts that would have been accrued without adjustments to deferred revenue and retained earnings related to CSA adoption 606. Adjusted revenues are presented because we use this measure to measure the performance of our business compared to prior periods and we believe that it is a useful indicator of the underlying performance of our business. Adjusted revenue is not a recognized term under Generally Accepted Accounting Principles ("GAAP"). Adjusted products do not represent products, as defined in GAAP, and should not be considered as an alternative to products as an indicator of our operating performance. Adjusted revenues presented herein are not necessarily comparable to measures similarly presented by other companies. The following is a reconciliation of Adjusted Products to Revenue, the GAAP measure we believe is most directly comparable to Adjusted Products.

Le tableau ci-dessous présente une ventilation des produits et services liés aux logiciels, des licences, de la maintenance et des produits connexes, ainsi que des services ajustés, des produits, des licences, de la maintenance et des produits, liés aux logiciels.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Note 2. Rapprochement du résultat opérationnel au résultat opérationnel ajusté "data-reactid =" 76 ">Note 2. Rapprochement du résultat opérationnel au résultat opérationnel ajusté

Le résultat opérationnel ajusté représente le résultat opérationnel ajusté de l&#39;amortissement des immobilisations incorporelles, de la rémunération à base d&#39;actions, des ajustements de la comptabilisation des achats pour les produits reportés et des coûts connexes, de l&#39;impact de l&#39;adoption de l&#39;ASC 606 et d&#39;autres charges. Le résultat opérationnel ajusté est présenté parce que nous utilisons cette mesure pour évaluer la performance de notre entreprise et pensons qu&#39;elle constitue un indicateur utile de notre performance sous-jacente. Le résultat opérationnel ajusté n’est pas un terme reconnu en vertu des PCGR. Le résultat opérationnel ajusté ne représente pas le résultat opérationnel au sens défini par les principes comptables généralement reconnus (GAAP) et ne doit pas être considéré comme une alternative au résultat opérationnel en tant qu’indicateur de notre performance opérationnelle. Le résultat opérationnel ajusté tel qu’il est présenté ici n’est pas nécessairement comparable aux mesures intitulées de la même manière par d’autres sociétés. Nous présentons ci-après un rapprochement entre le résultat opérationnel ajusté et le résultat opérationnel, selon le référentiel comptable défini par les PCGR, comme étant le plus directement comparable au résultat opérationnel ajusté.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Note 3. Rapprochement du résultat net et du BAIIA, du BAIIA consolidé et du BAIIA consolidé ajusté"data-reactid =" 82 ">Note 3. Rapprochement du résultat net et du BAIIA, du BAIIA consolidé et du BAIIA consolidé ajusté

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Le BAIIA représente le bénéfice net avant les intérêts débiteurs et les impôts sur les bénéfices , amortissements. & nbsp; Le BAIIA consolidé, défini dans notre convention de crédit conclue en April 2018dans sa version modifiée, & nbsp; est utilisé dans le calcul de la conformité aux clauses restrictives et est ajusté du BAIIA pour certains éléments. & nbsp; Le BAIIA consolidé est calculé en soustrayant ou en ajoutant au BAIIA les éléments de produit ou de charge décrits ci-dessous. &nbsp;Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity&#39;s debt capacity and its ability to service debt. &nbsp;EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance. &nbsp;These measures are not necessarily comparable to similarly titled measures by other companies.&nbsp; The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income." data-reactid="83">EBITDA represents net income before interest expense, income taxes, depreciation and amortization.  Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended,  is used in calculating covenant compliance, and is EBITDA adjusted for certain items.  Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below.  Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity&#39;s debt capacity and its ability to service debt.  EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance.  These measures are not necessarily comparable to similarly titled measures by other companies.  The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share to Adjusted Diluted Earnings Per Share" data-reactid="88">Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share to Adjusted Diluted Earnings Per Share

Adjusted net income and adjusted diluted earnings per share represent net income and earnings per share before amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments and other items.  We consider adjusted net income and adjusted diluted earnings per share to be important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments, loss on extinguishment of debt and other items, that are not operational in nature or comparable to those of our competitors.  Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP.  Adjusted net income and adjusted diluted earnings per share do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance.  Adjusted net income and adjusted diluted earnings per share as presented herein are not necessarily comparable to similarly titled measures presented by other companies.  Below is a reconciliation of adjusted net income and adjusted diluted earnings per share to net income and diluted earnings per share, the GAAP measures we believe to be most directly comparable to adjusted net income and adjusted diluted earnings per share.

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