Ss&C Technologies Holdings (SSNC) Q4 FY2021 earnings: revenue $1.3 billion, up 7.5% on the year

Ss&C Technologies Holdings Inc. (SSNC) reported revenue of $1.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 7.5% on the same quarter a year earlier. Net income was $251 million, up 27.3% on the year, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue$1.3 billionup 7.5%

Net income$251 millionup 27.3%

Diluted EPS$0.94

QuarterQ4 FY2021ended 31 December 2021

The quarter, against the one before and a year earlier

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Revenue	1,294	1,264	n/a	n/a
Cost of revenue	663	640	n/a	n/a
Gross profit	631	624	n/a	n/a
Gross margin	48.8%	49.4%	n/a
Research and development	108	97.7	n/a	n/a
Operating income	320	340	n/a	n/a
Operating margin	24.7%	26.9%	n/a
Pre-tax income	290	245	n/a	n/a
Income tax	38.3	60.6	n/a	n/a
Effective tax rate	13.2%	24.7%	n/a
Net income	251	184	n/a	n/a
Net margin	19.4%	14.6%	n/a
Diluted EPS	$0.94	$0.69	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Operating cash flow	484	383	n/a	n/a
Capital expenditure	20.3	13.4	n/a	n/a
Free cash flow	464	369	n/a	n/a
Free cash flow margin	35.8%	29.2%	n/a
Cash from investing	-90.0	-40.3	n/a	n/a
Cash from financing	73.2	-692	n/a	n/a
Depreciation and amortisation	167	165	n/a	n/a
Share-based compensation	31.3	27.2	n/a	n/a
Buybacks	0.0	163	n/a	n/a
Dividends paid	51.2	40.7	n/a	n/a
Dividend per share	$0.20	$0.16	n/a	n/a
Diluted shares, weighted	267m	266m	n/a	n/a
Shares outstanding at period end	256m	254m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2021	Q3 FY2021	A year earlier	Change on the year
Shareholders' equity	6,165	5,858	n/a	n/a
Non-controlling interest	57.8	57.5	n/a	n/a
Debt	5,949	6,141	n/a	n/a
Operating lease liabilities	268	284	n/a	n/a
Other liabilities	4,893	4,594	n/a	n/a
Total liabilities and equity	17,333	16,934	n/a	n/a
Fixed assets	382	390	n/a	n/a
Goodwill	8,046	8,042	n/a	n/a
Intangible assets	3,407	n/a	n/a	n/a
Investments	173	179	n/a	n/a
Cash and equivalents	564	351	n/a	n/a
Receivables	713	715	n/a	n/a
Other assets	4,048	7,256	n/a	n/a
Total assets	17,333	16,934	n/a	n/a

Questions

What was Ss&C Technologies Holdings' revenue in Q4 FY2021?

Ss&C Technologies Holdings (SSNC) reported revenue of $1.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 7.5% on the same quarter a year earlier.

How much did Ss&C Technologies Holdings earn in Q4 FY2021?

Net income for Q4 FY2021 was $251 million, up 27.3% on the year, and diluted earnings per share $0.94.

When did Ss&C Technologies Holdings report Q4 FY2021 results?

Ss&C Technologies Holdings filed its 10-K for the year that ended with the quarter on 25 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,264	1,294	1,295	1,329	1,321	1,338	1,363	1,363	1,366	1,412	1,435	1,452	1,466	1,530	1,514	1,537	1,568	1,654	1,647	1,696
Cost of revenue	640	663	675	704	697	691	726	722	712	692	728	753	762	776	767	800	820	864	845	877
Gross profit	624	631	620	624	624	647	637	641	654	719	707	698	704	754	747	737	748	790	802	818
Gross margin	49%	49%	48%	47%	47%	48%	47%	47%	48%	51%	49%	48%	48%	49%	49%	48%	48%	48%	49%	48%
R&D	97.7	108	106	118	108	116	118	120	118	118	121	129	131	137	129	128	119	132	135	132
Operating income	340	320	292	246	304	301	280	288	306	334	333	328	325	358	358	344	366	369	398	417
Operating margin	27%	25%	23%	18%	23%	23%	21%	21%	22%	24%	23%	23%	22%	23%	24%	22%	23%	22%	24%	25%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	112	118	121	126	116	113	110	124	105	106	104	120	105	107
Pre-tax income	245	290	235	156	213	273	179	194	208	277	225	204	225	240	261	240	254	220	303	314
Tax rate	25%	13%	27%	29%	25%	24%	29%	33%	25%	30%	30%	7%	27%	-4%	18%	24%	17%	12%	25%	25%
Net income	184	251	172	111	160	208	126	131	156	194	158	190	164	248	213	181	210	193	226	235
Net margin	15%	19%	13%	8%	12%	16%	9%	10%	11%	14%	11%	13%	11%	16%	14%	12%	13%	12%	14%	14%
Diluted EPS	$0.69	$0.94	$0.64	$0.42	$0.61	$0.81	$0.49	$0.51	$0.61	$0.77	$0.62	$0.75	$0.65	$0.98	$0.84	$0.72	$0.83	$0.77	$0.91	$0.97
Operating cash flow	383	484	184	264	317	370	255	329	242	388	180	385	337	487	272	373	456	644	300	417
Capital expenditure	13.4	20.3	10.8	11.8	30.7	10.1	10.5	13.7	16.5	15.9	5.8	10.0	25.9	19.7	12.7	22.9	34.7	10.5	6.0	13.3
Free cash flow	369	464	173	252	286	360	244	316	226	372	175	375	311	467	260	350	422	633	294	403
Buybacks	163	0.0	171	0.0	214	90.7	133	111	96.9	131	52.9	227	89.4	368	207	270	240	319	168	438
Dividends paid	40.7	51.2	51.1	51.3	51.0	49.7	50.7	101	161	-91.9	59.7	120	183	-117	61.6	122	65.8	3.9	65.3	64.0
Shares outstanding	254m	256m	255m	255m	252m	251m	249m	248m	248m	247m	247m	245m	247m	244m	246m	244m	244m	241m	241m	235m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 25 February 2022: the filing.