SS&C Technologies Holdings, Inc.

Thank you for standing by. My name is John and I'll be your conference operator for today. At this time, I would like to welcome everyone to the SS&C Technologies third quarter 2024 earnings call. All lights have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. To withdraw your question, please press star one again. Thank you. I would now like to turn the call over to Justine Stone, Head of Investor Relations. Please go ahead.

Hi, everyone. Welcome, and thank you for joining us for our Q3 2024 earnings call. I'm Justine Stone, Investor Relations for SS&C Technologies. With me today is Bill Stone, Chairman and Chief Executive Officer, Rahul Kanwar, President and Chief Operating Officer, and Brian Schell, our Chief Financial Officer. Before we get started, we need to review the Safe Harbor Statement, Please note the various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide constitute correlating statements for the purposes of the Safe Harbor provisions under the Private Security Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the risk factors section of our most recent annual report on Form 10-K. which is on file with the SEC and can also be accessed on our website. These forward-looking statements represent our expectations only as of today, October 24th, 2024. While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so. During today's call, we will be referring to certain non-GAAP financial measures, reconciliation of these non-GAAP financial measures to comparable GAAP financial measures, is included in today's earnings release, which is located in the investor relations section of our website at www.ssctech. I will now turn the call over to Bill.

Thanks, Justine, and welcome, everyone. Our third quarter results are record adjusted revenue of $1,466,800,000, up 7.3%. Our adjusted diluted earnings per share were $1.29, up 10.3%. We also reported record adjusted consolidated EBITDA of $566.2 million with 38.6% EBITDA margins. Our third quarter adjusted organic revenue growth was 6.4%. This growth was driven by strength in our alternatives, GIDS, WIT, and interlinks businesses. The surprise upside came largely in our GIDS and WIT businesses. accelerated license revenue in the wealth and investment technologies business, and non-recurring professional services fees in the global investor and distribution solutions business. Global investor distribution services business drove the outperformance. Our recurring revenue growth rate for financial services was 7.2%, which includes all software-enabled services and maintenance revenue. Third quarter cash from operating activities was $336.6 million, up 39% from Q3 2023. Our cash flow conversion percentage for the quarter was 103%. We bought back 1.2 million shares for $89.4 million, an average price of $72.72 per share. Absent high-quality acquisitions, we continue to believe share repurchases are the best capital use. In September, we closed the $670 million Batea Class Action Services acquisition. Batea meets our financial criteria, about $95 million in annual revenue, growing high single digits, and 45% plus EBITDA margins. This acquisition will immediately be accreted to earnings. Natalia's offering is synergistic with our fund administration business, and we're already making progress cross-selling. I'll now turn this call over to Rahul to discuss the quarter and more Natalia.