SS&C Technologies Holdings Inc. posted higher sales and earnings in the second quarter, the Windsor financial-services software developer’s first as a public company.
SS&C earned $4.4 million in the three months ended June 30, a 25 percent increase from the $3.5 million earned in the same period in 2009. Earnings per share were unchanged at 6 cents, reflecting the company’s issuance of 9.8 million common shares in its March initial public offering.
Revenue grew to $81.6 million in the latest quarter, up 22 percent from $67.3 million in the same quarter last year.
“We continue to execute on our strategy to remain focused on the financial services industry,” Chairman and CEO Bill Stone said in the earnings statement. “We continue to improve our operating margins and our strong 24.7% increase in adjusted operating income confirms our focus.”
SS&C closed Tuesday down 29 cents, or 1.7 percent, at $16.76.
