SS&C Technologies (SSNC) 8-K Q2 revenues up 31.6%, Adjusted diluted earnings per share of $0.33, up 26.9%, GAAP diluted loss per share of $0.07

Exhibit 99.1

Q2 revenues up 31.6%, Adjusted diluted earnings per share of $0.33, up 26.9%, GAAP diluted loss per share of $0.07

WINDSOR, CT, August 9, 2012 (GLOBE NEWSWIRE) – SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment and financial software-enabled services and software, today announced its financial results for the quarter that ended June 30, 2012.

“I am delighted to report that our second quarter revenue of $120.9 million rose 31.6 percent year-over-year,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. “Q2 was a transformational quarter for SS&C. We began the quarter with 1,492 personnel and ended with 4,034. Our people in all of our businesses stayed focused, tended to our customers and delivered solid results. Organic adjusted revenue rose 3.4% as we overcame some customer attrition and the daily focus on the two large acquisitions. Hans Hufschmid, founder and chief executive officer of GlobeOp, has decided to move on to pursue other opportunities. We wish him all the best and he will continue in a consultative role with the company until January 2013. Rahul Kanwar, Senior Vice President and Managing Director, will assume overall responsibility for the SS&C GlobeOp Business reporting to Normand Boulanger, President and Chief Operating Officer.”

“We are bringing forward powerful new products and services to market and as our teams gather momentum we are receiving good feedback from the marketplace. We are already beginning to see synergies across our businesses.”

Results

The Company reported revenue of $120.9 million for the second quarter of 2012, compared to $91.8 million in the second quarter of 2011, an increase of 31.6 percent.

GAAP operating income for the second quarter of 2012 was $21.1 million, or 17.5 percent of revenue, down from $22.9 million in 2011’s second quarter, or 24.9 percent of revenue. GAAP net loss for the second quarter of 2012 was $5.8 million compared to net income of $13.0 million in the second quarter of 2011.

On a GAAP fully diluted basis, loss per share in the second quarter of 2012 was $0.07 compared to fully diluted earnings per share of $0.16 in the second quarter of 2011.

Adjusted revenue (a non-GAAP measure defined in note 1 to the attached Condensed Consolidated Financial Information) in the second quarter of 2012 was $121.2 million compared to $91.8 million in the second quarter of 2011, an increase of 32.0 percent.

Adjusted operating income (a non-GAAP measure defined in note 2 to the attached Condensed Consolidated Financial Information) in the second quarter of 2012 was $45.9 million, or 37.8 percent of adjusted revenue. This represents a 28.0 percent increase compared to adjusted operating income of $35.8 million and 39.0 percent of adjusted revenue in the second quarter of 2011.

Adjusted net income (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) for the second quarter of 2012 was $27.2 million compared to $21.3 million in 2011’s second quarter, an increase of 27.9 percent.

Adjusted diluted earnings per share (a non-GAAP measure defined in note 4 to the attached Condensed Consolidated Financial Information) in the second quarter of 2012 was $0.33 per share compared to $0.26 per share in the second quarter of 2011, an increase of 26.9 percent.

The Company’s results for the second quarter of 2012 include the results of the PORTIA business, which the company acquired from Thomson Reuters on May 9, 2012, and GlobeOp Financial Services, which the company acquired on May 31, 2012, in each case from the respective acquisition date.

Annual Run Rate Basis

Annual Run Rate Basis (ARRB) recurring revenue, defined as the addition of maintenance and software-enabled services revenue, was $107.9 million for the second quarter of 2012, an annual run-rate of $431.5 million. This represents an increase of 33.2 percent from $81.0 million and $323.8 million run-rate in the same period in 2011 and an increase of 28.3 percent from Q1 2012’s $84.1 million and $336.3 million run-rate. We believe ARRB of our recurring revenue is a good indicator of visibility into future revenue.

Operating Cash Flow

SS&C ended the quarter with $134.5 million in cash, and $1,147.1 million in debt for a net debt balance of $1,012.6 million. We generated net cash from operating activities of $35.7 million for the six months ended June 30, 2012, compared to $41.1 million for the same period in 2011.

Guidance

Guidance	Q3 2012	FY 2012
Adjusted Revenue ($M)	$166.0 - $170.0	$554.0 - $562.5
Adjusted Net Income ($M)	$30.5 - $31.5	$112.7 - $115.0
Cash from Operating Activities ($M)	N/A	$108.0 - $112.0
Capital Expenditures (% of revenue)	N/A	2.8% - 3.2%

Non-GAAP Financial Measures

Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See the accompanying notes to the attached Condensed Consolidated Financial Information for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations.

Earnings Call and Press Release

SS&C’s Q2 earnings call will take place at 5:00 p.m. eastern time today, August 9, 2012. The call will discuss Q2 2012 results and our guidance and business outlook. Interested parties may dial 877-312-8798 (U.S. and Canada) or 253-237-1193 (International) and request the “SS&C Technologies 2012 Second Quarter Earnings Conference Call,” conference ID # 13731137. A replay will be available after 8:00 p.m. eastern time on August 9, 2012, until midnight on August 16, 2012. The dial-in number is 855-859-2056 (U.S. and Canada) 404-537-3406 (International); access code # 13731137. The call will also be available for replay on SS&C’s website after August 10, 2012; access:http://investor.ssctech.com/results.cfm.

This press release contains forward-looking statements relating to, among other things, our financial guidance for the third quarter of 2012 and full year 2012. Such statements reflect management’s best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry, the Company’s ability to finalize large client contracts, fluctuations in customer demand for the Company’s products and services, intensity of competition from application vendors, delays in product development, the Company’s ability to control expenses, terrorist activities, exposure to litigation, the Company’s ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company’s products and services, and those risks described in the Company’s publicly available filings with the Securities and Exchange Commission. The Company cautions investors that it may not update any or all of the foregoing forward-looking statements.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,500 financial services organizations, from the worlds’ largest to local financial services organizations, manage and account for their investments using SS&C’s products and services. These clients in the aggregate manage over $16 trillion in assets.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, Linkedin and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587

For more information

Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738

E-mail: InvestorRelations@sscinc.com

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Operation

(in thousands, except per share data)

(unaudited)

	Three Months Ended						Six Months Ended
	June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Revenues:
Software licenses	$	5,768		$	4,982		$	9,578		$	11,555
Maintenance		22,976			19,418			42,474			38,865
Professional services		7,217			5,860			13,009			11,127
Software-enabled services		84,889			61,543			149,464			119,263
Total revenues		120,850			91,803			214,525			180,810
Cost of revenues:
Software licenses		1,543			1,700			2,845			3,375
Maintenance		9,789			8,801			18,455			17,467
Professional services		4,705			3,981			8,677			7,551
Software-enabled services		47,063			31,155			79,975			61,739
Total cost of revenues		63,100			45,637			109,952			90,132
Gross profit		57,750			46,166			104,573			90,678
Operating expenses:
Selling and marketing		8,286			7,018			15,658			13,908
Research and development		10,646			9,053			19,285			17,025
General and administrative		8,271			7,200			12,859			13,743
Transaction costs		9,421			—			13,574			—
Total operating expenses		36,624			23,271			61,376			44,676
Operating income		21,126			22,895			43,197			46,002
Interest expense, net		(4,485	)		(3,474	)		(5,034	)		(8,601	)
Other (expense) income, net		(18,543	)		119			(14,417	)		(168	)
Loss on extinguishment of debt		(4,355	)		—			(4,355	)		(2,881	)
(Loss) income before income taxes		(6,257	)		19,540			19,391			34,352
(Benefit) provision for income taxes		(497	)		6,512			7,268			11,490
Net (loss) income	$	(5,760	)	$	13,028		$	12,123		$	22,862
Basic (loss) earnings per share	$	(0.07)		$	0.17		$	0.16		$	0.30
Basic weighted average number of common shares outstanding		78,098			76,724			77,908			75,556
Diluted (loss) earnings per share	$	(0.07)		$	0.16		$	0.15		$	0.29
Diluted weighted average number of common and common equivalent shares outstanding		78,098			80,800			82,491			79,756

See Notes to Condensed Consolidated Financial Information.

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	June 30, 2012		December 31, 2011
ASSETS
Current assets:
Cash	$	134,472	$	40,318
Accounts receivable, net		85,120		47,201
Prepaid income taxes		21,541		788
Deferred income taxes		11,641		889
Prepaid expenses and other current assets		11,568		5,214
Restricted cash		1,149		1,149
Total current assets		265,491		95,559
Property and equipment, net		51,033		14,304
Deferred income taxes		11,161		1,111
Goodwill		1,512,624		931,639
Intangible and other assets, net		598,540		164,995
Total assets	$	2,438,849	$	1,207,608
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt	$	55,850	$	—
Accounts payable		8,048		4,170
Accrued employee compensation and benefits		33,595		19,770
Other accrued expenses		25,188		14,058
Interest payable		3,127		95
Deferred income taxes		1,091		—
Deferred maintenance and other revenue		61,110		46,395
Total current liabilities		188,009		84,488
Long-term debt, net of current portion		1,091,206		100,000
Other long-term liabilities		15,233		14,081
Deferred income taxes		137,232		28,936
Total liabilities		1,431,680		227,505
Total stockholders’ equity		1,007,169		980,103
Total liabilities and stockholders’ equity	$	2,438,849	$	1,207,608

See Notes to Condensed Consolidated Financial Information.

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	Six Months Ended
	June 30, 2012			June 30, 2011
Cash flow from operating activities:
Net income	$	12,123		$	22,862
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		25,885			20,990
Stock-based compensation expense		2,412			5,435
Income tax benefit related to exercise of stock options		(1,592	)		(4,884	)
Amortization of loan origination costs and original issue discount		6,445			1,808
Loss on sale or disposition of property and equipment		1			—
Deferred income taxes		(2,157	)		(5,904	)
Provision for doubtful accounts		272			649
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable		(8,286	)		1,306
Prepaid expenses and other assets		6,237			(296	)
Accounts payable		(464	)		243
Accrued expenses		1,643			(9,236	)
Income taxes receivable and payable		(8,208	)		1,427
Deferred maintenance and other revenues		1,362			6,654
Net cash provided by operating activities		35,673			41,054
Cash flow from investing activities:
Additions to property and equipment		(4,817	)		(3,102	)
Cash paid for business acquisitions, net of cash acquired		(957,539	)		(14,798	)
Additions to capitalized software		(322	)		(1,075	)
Other		87			—
Net cash used in investing activities		(962,591	)		(18,975	)
Cash flow from financing activities:
Cash received from debt borrowings, net of costs		1,304,980			—
Repayment of debt		(290,000	)		(87,833	)
Proceeds from common stock issuance, net		—			51,971
Proceeds from exercise of stock options		7,468			6,190
Payment of contingent consideration		(1,800	)		—
Income tax benefit related to exercise of stock options		1,592			4,884
Net cash provided by (used in) financing activities		1,022,240			(24,788	)
Effect of exchange rate changes on cash		(1,168	)		508
Net increase (decrease) in cash		94,154			(2,201	)
Cash, beginning of period		40,318			84,843
Cash, end of period	$	134,472		$	82,642

See Notes to Condensed Consolidated Financial Information.

SS&C Technologies Holdings, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Information

Note 1. Reconciliation of Revenue to Adjusted Revenue

Adjusted revenue represents revenue adjusted for one-time purchase accounting adjustments to fair value deferred revenue acquired in business combinations. Adjusted revenue is presented because we use this measure to evaluate performance of our business against prior periods and believe it is a useful indicator of the underlying performance of the Company. Adjusted revenue is not a recognized term under generally accepted accounting principles (GAAP). Adjusted revenue does not represent revenue, as that term is defined under GAAP, and should not be considered as an alternative to revenue as an indicator of our operating performance. Adjusted revenue as presented herein is not necessarily comparable to similarly titled measures. The following is a reconciliation between adjusted revenue and revenue, the GAAP measure we believe to be most directly comparable to adjusted revenue.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2012		2011		2012		2011
Revenue	$	120,850	$	91,803	$	214,525	$	180,810
Purchase accounting adjustments to deferred revenue		351		7		351		14
Adjusted revenue	$	121,201	$	91,810	$	214,876	$	180,824

Note 2. Reconciliation of Operating Income to Adjusted Operating Income

Adjusted operating income represents operating income adjusted for amortization of acquisition-related intangible assets and purchase accounting adjustments for deferred revenue and other expenses. Adjusted operating income is presented because we use this measure to evaluate performance of our business and believe it is a useful indicator of the underlying performance of the Company. Adjusted operating income is not a recognized term under GAAP. Adjusted operating income does not represent operating income, as that term is defined under GAAP, and should not be considered as an alternative to operating income as an indicator of our operating performance. Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures. The following is a reconciliation between adjusted operating income and operating income, the GAAP measure we believe to be most directly comparable to adjusted operating income.

	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2012		2011			2012			2011
Operating income	$	21,126	$	22,895		$	43,197		$	46,002
Amortization of intangible assets		13,564		9,161			22,420			18,113
Stock-based compensation		1,183		3,638			2,412			5,435
Capital-based taxes		—		2			(765	)		154
Unusual or non-recurring charges		9,691		242			14,375			490
Purchase accounting adjustments		300		(102	)		248			(204	)
Other		—		—			—			(30	)
Adjusted operating income	$	45,864	$	35,836		$	81,887		$	69,960

Note 3. Reconciliation of Net Income to EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA

EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in March 2012, is used in calculating covenant compliance, and is EBITDA adjusted for certain items. Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below. Adjusted consolidated EBITDA is calculated by subtracting acquired EBITDA from consolidated EBITDA. EBITDA, consolidated EBITDA and adjusted consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity’s debt capacity and its ability to service debt. EBITDA, consolidated EBITDA and adjusted consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities. EBITDA, consolidated EBITDA and adjusted consolidated EBITDA do not represent net income, as that term is defined under GAAP, and should not be considered as alternatives to net income as an indicator of our operating performance. The following is a reconciliation between EBITDA, consolidated EBITDA and adjusted consolidated EBITDA and net income.

	Three Months Ended June 30,						Six Months Ended June 30,						Twelve  Months Ended June 30, 2012
(in thousands)	2012			2011			2012			2011
Net (loss) income	$	(5,760	)	$	13,028		$	12,123		$	22,862		$	40,282
Interest expense, net		8,840			3,474			9,389			11,482			17,322
Taxes		(497	)		6,512			7,268			11,490			18,696
Depreciation and amortization		15,680			10,612			25,885			20,990			47,119
EBITDA		18,263			33,626			54,665			66,824			123,419
Stock-based compensation		1,183			3,638			2,412			5,435			10,470
Capital-based taxes		—			2			(765	)		154			(565	)
Acquired EBITDA and cost savings		12,238			—			12,238			443			79,802
Unusual or non-recurring charges		28,235			123			28,793			659			30,489
Purchase accounting adjustments		300			(102	)		248			(204	)		79
Other		(48	)		116			(91	)		86			(360	)
Consolidated EBITDA		60,171			37,403			97,500			73,397			243,334
Less: acquired EBITDA		(12,238	)		—			(12,238	)		(443	)		(79,802	)
Adjusted Consolidated EBITDA	$	47,933		$	37,403		$	85,262		$	72,954		$	163,532

Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share to Adjusted Diluted Earnings Per Share

Adjusted net income and adjusted diluted earnings per share represent net income and earnings per share before amortization of intangible assets and deferred financing costs, stock-based compensation, capital-based taxes and other unusual and non-recurring items. Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP, do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance. Adjusted net income and adjusted diluted earnings per share are important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, capital-based taxes and other unusual and non-recurring items that are not operational in nature or comparable to those of our competitors. The following is a reconciliation between adjusted net income and adjusted diluted earnings per share and net income and diluted earnings per share.

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share data)	2012			2011			2012			2011
GAAP – Net (loss) income	$	(5,760	)	$	13,028		$	12,123		$	22,862
Plus: Amortization of intangible assets		13,563			9,161			22,419			18,113
Plus: Amortization of deferred financing costs and original issue discount		531			416			589			886
Plus: Stock-based compensation		1,183			3,638			2,412			5,435
Plus: Capital-based taxes		—			2			(765	)		154
Plus: Unusual and non-recurring items		28,235			123			28,793			659
Plus: Loss on extinguishment of debt		4,355			—			4,355			2,881
Plus: Purchase accounting adjustments		300			(102	)		248			(204	)
Plus: Other		—			—			—			(30	)
Income tax effect (1)		(15,166	)		(4,960	)		(19,837	)		(10,296	)
Adjusted net income	$	27,241		$	21,306		$	50,337		$	40,460
Adjusted diluted earnings per share	$	0.33		$	0.26		$	0.61		$	0.51
GAAP diluted earnings per share	$	(0.07	)	$	0.16		$	0.15		$	0.29
Diluted weighted-average shares outstanding		82,822			80,800			82,491			79,756

(1) An estimated normalized effective tax rate of 35% has been used to adjust the provision for income taxes for the purposes of computing adjusted net income.