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SS&C’s 3Q profits jump on higher sales

Windsor-based SS&C Technologies Holdings said its third-quarter profits were up 67 percent, thanks to a combination of higher revenue and lower estimated income taxes.

SS&C, which provides financial software and services, reported net income of $95 million, or 36 cents per diluted share, for the three months ended Sept. 30, up from $57 million, or 23 cents, in the third quarter of 2018.

Software-enabled services saw the largest revenue increase, growing from $827.3 million to $960 million.

SS&C has closed on several acquisitions since the year-ago quarter, including Eze Software for $1.45 billion and Intralinks for $1.5 billion.

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In September, SS&C disclosed it had acquisitions pending, including Investrack and Algorithmics.

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