SS&C Technologies Holdings, Inc.

Good afternoon. My name is John and I will be your conference operator today. At this time, I would like to welcome everyone to the SSNC Technologies fourth quarter and full year 2024 earnings call. All lights have been placed on mute to prevent background noise. After the speaker's remarks, there will be a Q&A session. If you would like to ask a question during that time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, simply press star one again. Thank you. I would now like to turn the call over to Chand Madakka of Investor Relations. You may now begin your conference.

Welcome and thank you for joining us at our Q4 and full year 2024 earnings call. I'm Chand Madakka, Investor Relations at 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 that various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide, constitute forward-looking statements or purposes of the safe harbor provisions under the Private Securities 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, February 6, 2025. 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. A 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 ssctech.com. I will now turn over the call to Bill.

Thanks, Shawn, and welcome, everyone. I want to welcome Shawn to the investor relations team as she steps in while my daughter Justine is on maternity leave, who I'm sure she's listening in, probably maybe with my grandson, who's now 10 days old. Anyway, our fourth quarter results were strong as we set several quarterly records, including a record for adjusted revenue of $1.531 million dollars, up 8.4 percent. Our earnings also set quarterly records with adjusted diluted earnings per share of $1.58, up 25.4 percent, and adjusted consolidated EBITDA of $599.1 million, up 6.5. Our quarterly adjusted consolidated EBITDA margin was 39.1. Our fourth quarter adjusted organic revenue growth was 7 percent. Performance was driven by continued strength in Globop. wealth and investment technology business, and our global investor distribution systems businesses, services businesses. Globop saw new business growth with experience strength in the wealth-focused software like Black Diamond and gives outperform due to large client volumes and continued growth in its non-transfer agency services. Additionally, the health business finished the quarter above expectations with two deals that were pushed from Q3 into Q4. Our recurring revenue growth rate for financial services was 7.4% for Q4 and 7.2% for full year 2024, which includes all software-enabled services and maintenance revenue. Fourth quarter cash from operating activities was $486.6 million, up 25.3% from Q4 23. Our cash flow conversion percentage was 101%, and we bought back 4.9 million shares for 365 million at an average price of $74.46 per share. We continue to believe share repurchases are the best use of our capital, absent high-quality accretive acquisition. In December, we announced an initial strategic lift-out agreement with Insignia Financial to deliver superannuation member administrative services in Australia. We're in the final contract stages with Insignia and expect a lift out of team members in Australia to occur early in the second half of this year. We are bullish about our opportunity in Australia where we have a 5% market share of the 22 million superannuation fund accounts. I'll now turn it over to Rahul to discuss the quarter in more detail.