SS&C starts the year strongly

SS&C Technologies, the global provider of services and software to the financial services and healthcare industries (and the owner of RPA specialist Blue Prism) has published its results for the first three months of 2025. The Q1 financials highlighted the US vendor’s continued revenue growth coupled with a healthy improvement in profit. For the period ended 31 March 2025, global revenue was up 5.5% to $1.5bn, whilst net income rose by 7.5% to $357.9m.

Software enabled services rose by 6.9% in the first quarter of the new fiscal to reach $1.27bn, whilst SS&C’s legacy License and Maintenance revenue declined by 1.3% to $244m. At a segment level, SS&C’s Wealth and Investment Technologies business was up 3.9% to $1.5bn, Intelligent Automation and Analytics was up 2.3% to $558m, Global Investor and Distribution Solutions (SS&C’s platform provides transfer agency and investor servicing) was up 3.2% to $1.5bn, Intralinks (M&A data platform) was up 3.4% to $565m, GlobeOp (Fund Administration) was up 10.3% to $1.6bn and Healthcare was down 0.4% to $270m. Overall, SS&C’s recurring revenue from financial services was up 5.9% in Q1.

In April this year SS&C secured another win in the UK with the expansion of its relationship with investment management firm, T. Rowe Price. The deal saw the global retirement specialist extend its transfer agency agreement with SS&C Global Investor and Distribution Solutions (GIDS) for its UK fund range. Meanwhile, in January, UK asset manager Omnis Investments, also extended its relationship with SS&C (see: Omnis extends SS&C deal).

Commenting on SS&C’s strong start to the year, SS&C’s Chairman and CEO, Bill Stone said that the company remained “excited about our 2025 growth plans. As we begin to embed AI and Quantum technologies into our products and services.” As the widespread transformation of the global financial services sector continues SS&C appears increasingly well positioned to take advantage of the trends.

Posted by: Jon C Davies at 09:29