SS&C Technologies Holdings, Inc (SSNC) has reported a 371.34 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $57.02 million, or $0.28 a share in the quarter, compared with $12.10 million, or $0.06 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $95.18 million, or $0.46 a share compared with $73.61 million or $0.36 a share, a year ago.

Revenue during the quarter surged 33.25 percent to $400.92 million from $300.89 million in the previous year period. Gross margin for the quarter expanded 153 basis points over the previous year period to 48.79 percent. Total expenses were 76.23 percent of quarterly revenues, down from 83.95 percent for the same period last year. This has led to an improvement of 772 basis points in operating margin to 23.77 percent.

Operating income for the quarter was $95.31 million, compared with $48.30 million in the previous year period.

However, the adjusted operating income for the quarter stood at $160.38 million compared to $133.27 million in the prior year period. At the same time, adjusted operating margin contracted 429 basis points in the quarter to 40 percent from 44.29 percent in the last year period.

"SS&C closed out 2016 with over $1.5 billion in adjusted revenues, and adjusted consolidated EBITDA margins above 40 percent" says Bill Stone, chairman and chief executive officer. "Our year is marked by our acquisitions of Citi Alternative Investor Services, Salentica, Wells Fargo Global Fund Services, and Conifer Financial Services ��" expanding our reach and capability in fund administration and RIAs. The talent we acquired, both organically and through acquisitions, increase our market opportunity and our ability to win bigger, more complex mandates from top financial institutions."

For financial year 2017S, SS&C Technologies Holdings, Inc expects adjusted revenue to be in the range of $1,655 million to $1,685 million. The company projects adjusted net income to be in the range of $392 million to $409 million.

For the first-quarter 2017, SS&C Technologies Holdings, Inc expects adjusted revenue to be in the range of $402.50 million to $408.50 million. The company projects adjusted net income to be in the range of $89 million to $92.50. 

The company has spent $495.29 million cash to meet investing activities during the year as against cash outgo of $2,748.31 million in the last year. It has incurred net capital expenditure of $37.48 million on net basis during the year, up 110.43 percent or $19.67 million from year ago.

The company has spent $236.09 million cash to carry out financing activities during the year as against cash inflow of $2,847.07 million in the last year period.

Cash and cash equivalents stood at $117.56 million as on Dec. 31, 2016, down 72.92 percent or $316.60 million from $434.16 million on Dec. 31, 2015.

Working capital turns negative
Working capital of SS&C Technologies Holdings, Inc has turned negative to $145.51 million on Dec. 31, 2016 from positive $258.35 million on Dec. 31, 2015. Current ratio was at 0.74 as on Dec. 31, 2016, down from 1.62 on Dec. 31, 2015.

Days sales outstanding went up to 28 days for the quarter compared with 26 days for the same period last year.

At the same time, days payable outstanding was almost stable at 4 days for the quarter, when compared with the previous year period.