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SS&C's Net Income Rises In Q2 2024
Editorial Staff
29 July 2024
, one of the largest listed fintech firms operating in the world’s wealth management and private banking sector, has reported a 45.6 per cent year-on-year surge in second-quarter attributable net income, standing at $190.3 million. The firm said revenue rose 6.5 per cent on the same quarter of 2023 to $1.451 billion. On an adjusted basis, earnings before interest, taxation, depreciation and amortisation rose 11.2 per cent to $558.9 million. “SS&C's momentum continued into the second quarter; we reported 6.4 per cent organic revenue growth and $1.27 in adjusted diluted EPS, up 17.6 per cent,” Bill Stone, chairman and CEO, said in a statement. “We will continue to be aggressive with stock buybacks as long as we feel our stock is undervalued. Our goal is to maximise long-term shareholder value."