SS&C Technologies Holdings Inc.’s steep rise in second-quarter sales of financial software and services weren’t enough to prevent the Windsor firm from a loss due tied to its GlobeOp acquisition and other expenses.
For three months ended June 30, SS&C lost a net $5.8 million, or 7 cents a share. That compares to net income of $13 million, or 17 cents a share, the year-ago quarter.
Second-quarter sales climbed 32 percent to $120.9 million vs. $91.8 million last year.
SS&C also disclosed that GlobeOp founder and CEO Hans Hufschmid, founder is leaving to pursue other opportunities, effective next January. Then he will be replaced at SS&C GlobeOp by Rahul Kanwar, currently senior vice president and managing director.
Kanwar will report to Normand Boulanger, SS&C’s president and chief operating officer.
SS&C Chairman and CEO William C. “Bill” Stone noted that the company began the second quarter with a global headcount of 1,492 and ended with 4,034.
