Tear Sheet: SS&C Technologies Holdings Inc. - S&P Global Ratings’ Credit Research

Tear Sheet: SS&C Technologies Holdings Inc.

Tear Sheet: SS&C Technologies Holdings Inc. - S&P Global Ratings’ Credit Research
Tear Sheet: SS&C Technologies Holdings Inc.
Published Nov 27, 2024
5 pages (1880 words) — Published Nov 27, 2024
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Abstract:

SS&C delivered 7.3% (6.4% adjusted organic revenue growth on a constant currency basis) year-over-year topline growth in its third-quarter-ended Sept. 30, 2024, slightly higher compared with the first half of the year. Driving this outperformance were new wins and accelerating license revenues across the company?s GIDS and WIT solutions, which were up 4.7% and 10.9%, respectively. A 13.1% decline in the company?s healthcare business partially offset some of the growth as certain larger deals slipped to the fourth quarter. The company also closed its acquisition of Battea Class Action Services, a claims management and settlement recovery services provider in the third quarter. It issued $800 million of incremental debt in to support the transaction. For the full year, we expect

  
Brief Excerpt:

...Rating Component Scores Foreign currency issuer credit rating ##/Stable/-- Local currency issuer credit rating ##/Stable/-- Business risk Satisfactory Country risk Very Low Industry risk Intermediate Competitive position Satisfactory Financial risk Significant Cash flow/leverage Significant Anchor ##+ Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Negative (-1 notch) Liquidity Adequate (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ##...

  
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: SS&C Technologies Holdings Inc." Nov 27, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-SS-C-Technologies-Holdings-Inc-3292438>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: SS&C Technologies Holdings Inc. Nov 27, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-SS-C-Technologies-Holdings-Inc-3292438>
  
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