SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET

Company Participants

Justine Stone - Head of IR
William Stone - Chairman of the Board and CEO
Rahul Kanwar - President and COO
Brian Schell - EVP and CFO

Conference Call Participants

Daniel Perlin - RBC Capital Markets
Andrew Schmidt - Citigroup
Peter Heckmann - D.A. Davidson & Co.
Alexei Gogolev - J.P. Morgan
Surinder Thind - Jefferies
James Faucette - Morgan Stanley
Kevin McVeigh - UBS

Operator

Ladies and gentlemen, thank you for standing by and welcome to the SS&C Technologies Q2 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

I will now hand today's call over to Justine Stone, Head of Investor Relations. Please go ahead.

Justine Stone

Welcome everybody and thank you for joining us for our Q2 2024 Earnings Call. I’m Justine Stone, Investor Relations for SS&C Technologies. With me today is Bill Stone, Chairman and Chief Executive Officer, Rahul Kanwar, President and Chief Operating Officer, and Brian Schell, our Chief Financial Officer.

Before we get started, we need to review the Safe Harbor Statement. Please note the various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factor section of our most recent annual report on Form 10-K, which is on file with the SEC and can also be accessed on our website.

These forward-looking statements represent our expectations only as of today, July 25th, 2024. While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so. During today's call, we will be referring to certain non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to comparable GAAP financial measures is included in today's earnings release, which is located in the Investor Relations section of our website at www.ssctech.com.

I will now turn the call over to Bill.

William Stone

Thanks, Justine, and welcome, everyone. Our second quarter results are record adjusted revenue of $1,452.4 million, up 6.5% and $20 million ahead of our forecast. Our adjusted diluted earnings per share were $1.27, up 17.6% adjusted consolidated EBITDA was [$558.9 million] (ph) for the quarter, and our EBITDA margin was up 170 basis points, the 38.5%.