We apologize, ssctech.com uses technology not fully supported by your current browser. To best enjoy our new experience, please upgrade your browser to the newest version of Microsoft Internet Explorer, Mozilla Firefox, Google Chrome or Safari (Apple Only).

For Immediate Release

Contact:
  Patrick Pedonti
  Chief Financial Officer
  Tel: +1-860-298-4738
  E-mail: InvestorRelations@sscinc.com

SS&C Announces First Quarter 2007 Results

WINDSOR, CT - May 7, 2007 — SS&C Technologies, Inc.(www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced results for the quarter ended March 31, 2007. Reported revenues on a GAAP basis for first quarter of 2007 were $55.9 million. This represents a 16% increase in revenues over the same period in 2006 and a 4% increase over the last quarter. Included in reported revenues for the first quarter of 2006 was a $1.4 million reduction in revenue caused by purchase accounting adjustments to reflect November 23, 2005 deferred revenue at its fair value compared to no adjustment in the current quarter. Excluding this purchase accounting adjustment, adjusted revenues (a non-GAAP financial measure defined in note 3 to the attached Consolidated Condensed Financial Information) increased 12% in the first quarter of 2007 compared to the same period in 2006. Net loss, on a GAAP basis, for the first quarter of 2007 was $0.2 million.

Adjusted operating income (a non-GAAP financial measure defined in note 1 to the attached Consolidated Condensed Financial Information) for the first quarter of 2007 was $19.1 million, a 6% increase from the first quarter of 2006 of $18.0 million.

Consolidated EBITDA (a non-GAAP financial measure defined in note 2 of the attached Consolidated Condensed Financial Information) for the first quarter of 2007 was $21.4 million, or 38.2% of adjusted revenues, compared to $20.3 million for the first quarter of 2006.

Consolidated leverage, as defined in our credit agreement, was 5.3 times at March 31, 2007.

Revenues
"Q1 was a strong quarter for us as we saw revenue growth in both our software license and in our recurring revenues (which include maintenance and outsourcing revenues). Recurring revenues grew by over 20% and represented 82% of total revenues in the first quarter of 2007. This is a good indicator of the health of our business and the market's continued acceptance of our products and services," said Bill Stone, chairman and chief executive officer of SS&C Technologies.

Outsourcing Solutions
"During Q1 we completed an acquisition to strengthen our solid position in the fund administration business. The acquisition of Northport complements our current offerings by adding a substantial focus on the private equity segment. Our combined outsourcing business has grown 23% over first quarter 2006."

Balance Sheet and Cash Flow
"We ended the quarter with $11.7 million of cash and cash equivalents on our balance sheet and a total debt position of $463.3 million, down from $471.9 million last quarter. Our operating cash flow for the quarter was $16.2 million," said Stone. We continue to focus on generating strong operating cash flows, investing in our business growth and de-leveraging our business.

Earnings Call
SS&C's earnings conference call will take place on Tuesday, May 8, 2007 at 10:00 a.m. eastern time. The call will discuss first quarter results. Interested parties may dial 706-643-7858 (US, Canada and International) and request the "SS&C First Quarter 2007 Earnings Call", conference ID 8097949. A replay of the earnings call can be heard after 12:00 p.m. on May 8, 2007 until midnight May 15, 2007. To hear the replay, dial 706-645-9291 and enter the access code 8097949. A replay of the call will also be available on May 15, 2007 on our website at www.ssctech.com/about/earnings.asp.

This press release contains forward-looking statements relating to, among other things, the market's continued acceptance of the Company's products and services. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the Company's ability to finalize large client contracts, fluctuations in customer demand for the Company's products and services, intensity of competition from application vendors, delays in product development, the Company's ability to control expenses, general economic and industry conditions, terrorist activities, the Company's ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company's products and services, and those risks described in the Company's filings with the Securities and Exchange Commission, including without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2006. The Company cautions investors that it may not update any or all of the foregoing forward-looking statements.

About SS&C Technologies
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost-effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) financial institutions, 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) corporate treasury. Additional information is available at www.ssctech.com.

Click here to view the financial earnings statement in PDF format.

Follow usTwitter LinkedIn Facebook RSS Feed