Windsor financial software and services provider SS&C Technologies said its third-quarter profits fell 6 percent on higher costs, expenses and tax provisions.
The company reported profits of $40.8 million, or 47 cents per diluted share, down from $43.5 million, or 51 cents, in the year-ago quarter ended Sept. 30.
SS&C said it booked record revenue of $192.6 million, up more than 7 percent from $179.5 million a year ago, driven largely by its core software-enabled services segment.
That $13.1 million sales gain was overtaken by higher costs, which were up $5.2 million; a $1.5 million increase in operating expenses; and an income tax provision of $9 million, compared to a benefit of $4.7 million last year.
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