Financial and investment software provider SS&C Technologies Holdings grew fourth-quarter profits by more than a third, thanks mainly to higher revenue in its biggest business segment.
The Windsor company recorded profits of $36.6 million, or 42 cents per diluted share, for the quarter ended Dec. 31, up from $26.9 million, or 31 cents, in the final quarter of 2013.
Revenue was up 10 percent, or $18.2 million, at $200.7 million. The main contributor was SS&C’s software-enabled services segment, which added $11.7 million in revenue, but licensing, maintenance and services revenue also all grew.
For the full year, SS&C reported net income of $131.1 million, or $1.50 per share, on revenue of $767.9 million. That was up a net $117.9 million, or $1.38, on $712.7 million in revenue in 2013.
The company announced last week that it would acquire Advent Software for $2.7 billion.
And in December, SS&C inked a $95 million deal to purchase DST Global Solutions.
