SS&C Technologies (NASDAQ: SSNC) reported Q2 EPS of $1.04, $0.14 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11 billion.

Second Quarter Highlights:

• Cash flow provided by operations was $555.7 million for the six months ended June 30, 2020, a 33.4% increase from $416.6 million for the prior six months.
• Paid down $2,302.3 million of net debt since our April 2018 acquisition of DST Systems, bringing our net leverage ratio to 3.60 times consolidated EBITDA, and our net secured leverage ratio to 2.53 times consolidated EBITDA.
• Repurchased 0.5 million shares of common stock in Q2 2020, at an average price of $58.62 per share for $27.9 million.
• Adjusted operating income margins were 37.7% of adjusted revenue in Q2 2020 compared to 36.9 percent in Q2 2019.
• Adjusted consolidated EBITDA increased by $0.2 million to $448.4 million in Q2 2020. Adjusted consolidated EBITDA margin was 39.3% of adjusted revenue, an increase from 38.8% of adjusted revenue in Q2 2019.
• Daniel DelMastro was promoted to Senior Vice President and General Manager of SS&C Health, and will report to Rahul Kanwar, President and COO.

"The past five months has presented unique challenges, both professionally and personally, for SS&C's global workforce. Our global team's hard work, perseverance, talent and dedication has resonated with our 18,000 clients," says Bill Stone, Chairman and CEO of SS&C Technologies. "The critical nature of our work has proven to be indispensable. Client satisfaction remains high, indicated by our 96.0 percent revenue retention rate, and we continue to grow in key markets. I believe our results, including a 14.3 percent increase in adjusted earnings per share and a 33.4 percent increase in year to date operating cash flow, validate our business model. Investment in our people, ownership of our technology, and fierce protection of our intellectual property are keys to SS&C's success."

For earnings history and earnings-related data on SS&C Technologies (SSNC) click here.