SS&C, listed in the US and operating worldwide, is an important tech player in the wealth management and related sectors.

SS&C Technologies, one of the largest listed fintech firms operating in the world’s wealth management and private banking sector, has reported a 45.6 per cent year-on-year surge in second-quarter attributable net income, standing at $190.3 million. 

The firm said revenue rose 6.5 per cent on the same quarter of 2023 to $1.451 billion.

On an adjusted basis, earnings before interest, taxation, depreciation and amortization rose 11.2 per cent to $558.9 million. 

“SS&C's momentum continued into the second quarter; we reported 6.4 percent organic revenue growth and $1.27 in adjusted diluted EPS, up 17.6 per cent,” Bill Stone, chairman and CEO, said in a statement. “We will continue to be aggressive with stock buybacks as long as we feel our stock is undervalued. Our goal is to maximize long term shareholder value."