Windsor’s SS&C Technologies Holdings more than doubled its third-quarter net income, with cash flowing strongly enough from sales of its financial software and services to begin buying back up to $100 million of its stock.
For three months ended Sept. 30, SS&C said Thursday it netted $43.5 million, or 53 cents a share, up from $17.6 million, or 22 cents a share.
Third-quarter revenues climbed 8.4 percent to $179.5 million vs. $165.6 million the same quarter a year ago.
SS&C also announced Thursday it plans to repurchase of up to $100 million of its common stock from time to time on the open market or in privately negotiated transactions.
The company reported results after the stock market’s close, where its shares ended trading Thursday at $39.30, down 11 cents.
