Why SS&C Technologies Stock Popped Today
Shares of SS&C Technologies (NASDAQ: SSNC) closed Friday up 10.6% after the financial services software company announced strong third-quarter results and raised its full-year outlook.
More specifically, SS&C's adjusted revenue grew 14.7% year over year to $1.151 billion, translating to a 17.7% increase in adjusted earnings to $0.93 per share. Both figures compared favorably to SS&C's latest guidance, which called for revenue of $1.123 billion to $1.153 billion, and adjusted earnings per share of $0.85 to $0.91.
IMAGE SOURCE: SS&C.
Source Fool.com
