SS&C Technologies Holdings booked higher first-quarter net income on strong sales for the Windsor firm’s financial software and services.
For three months ended March 31, SS&C said Wednesday it netted $21.5 million, or 26 cents a diluted share, up from $17.9 million, or 22 cents a share, netted the same quarter a year ago.
First-quarter revenues jumped 85 percent to $173.2 million vs. or $93.7 million the same period last year.
“We see a lot of potential in fund administration and believe we are in an excellent position,” Chairman and CEO William “Bill” Stone said in a statement. “We continue to win large mandates and we are seeing opportunity throughout hedge, private equity, managed accounts, pension and insurance markets.
