SS&C Technologies Holdings, Inc. (SSNC) Wednesday reported first-quarter profit of $21.4 million or $0.26 per share, up from $17.9 million or $0.22 per share in the comparable quarter last year.
Adjusted earnings for the quarter was $0.45 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 84.9 percent to $173.2 million from $93.7 million last year. Analysts expected revenues of $172.96 million.
Looking ahead to the second quarter, the company has forecast adjusted earnings in the range of $38.3 million to $39.3 million, with adjusted revenues in the order of $175.0 million to $179.0 million.
For the fiscal 2013, the company currently projects adjusted income in the range of $157.0 million to $160.0 million, with revenues ranging between $712.0 million to $722 million last year.
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