SS&C profits jump 24 percent on record revenue

Windsor financial software and services provider SS&C Technologies Holdings Inc. said its first quarter-profits rose by $5 million, or 24 percent, thanks largely to higher sales in its software-enabled services segment.

Net income for the quarter ended March 31 was $26.4 million, or 30 cents per diluted share, up from $21.4 million, or 26 cents, in the prior-year quarter.

The increase came on record revenue of $185.8 million, up more than 7 percent year over year from $173.2 million.

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