Advent Software, the US financial software firm serving sectors including wealth management, reported a rise in third-quarter revenue of $96.8 million, compared with $90.2 million in the same three months of 2012.

“Advent delivered record revenues and solid profitability, demonstrating the value customers continue to place on our solutions,” Pete Hess, chief executive, said in a statement yesterday.

Operating income for the third quarter was $17.4 million, or 18.0 per cent of revenue, compared to $12.6 million or 14.0 per cent of revenue for the third quarter of 2012.

Net income was $9.8 million compared to $7.7 million a year before, said. 

On a fully diluted basis, earnings per share in the third quarter of 2013 were $0.18, compared to $0.15 a year before.

The firm said it reported continued growth across all of its client segments, from hedge funds and asset managers to family offices, fund administrators and the growing advisory market.

New clients included Crabel Capital Management; Seer Capital Management; Whitebox Advisors; Evercore Wealth Management; Cain, Watters & Associates; Essex Financial Services; Watermark Asset Management; Sparebanken Vest; Herald Investment Management, and CACEIS.