SS&C Technologies Holdings, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the SS&C Technologies first quarter 2025 earnings conference call. All lines 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 that time, press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star followed by the number one. I will now hand today's call over to Chand Madakka, Investor Relations. Please go ahead.

Welcome and thank you for joining us for our Q1 2025 earnings call. I'm Chand Madakka, Investor Relations for SS&C. 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 for 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, April 24, 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 www.sfctech.com. I will now turn over the call to Bill.

John, and welcome everyone. Our first quarter results are adjusted revenue of $1,514,800,000, up 5.5% and adjusted ability to earnings per share of $1.44, an 8.3% increase. Adjusted consolidated EBITDA was $591.9 million, up 6.3%, resulting in quarterly adjusted consolidated EBITDA margin of 39.1%. Our first quarter adjusted organic revenue growth was 5.1%. Performance was driven by our Globop wealth and investment technologies and global investor and distribution services business. Globop posted strong results with strong results with organic growth of 10.3% and positive trends in private market and retail alternatives. Wealth and investment technology saw continued strength in the wealth segment and goods met its client wins and volumes targets. We continue to feel good about our health business, which finished the quarter approximately flat. Our recurring revenue growth rate for financial services was 5.9 in Q1, which includes all software-enabled services and maintenance revenue. For the three months ended March 31, 2025 cash from operating activities with 272.2 million up 50.8% from Q1 24. We bought back 2.4 million shares for 206.9 million at an average price of 87.21. Consistent with our historical capital allocation practices, we will continue to buy shares We have continued to see success internationally across several of our businesses. During the quarter, we signed our strategic lift-out agreement with Insignia Financial and have since won additional Australian mandates. In March, we hosted one SS&C event in Sydney, which has led to an increased profile, and we met with a number of our largest clients. And we remain bullish on Australia. Geneva had one of its best quarters in EMEA history, winning three major deals in the region. We are outpacing our competitors and discriminating functional depth and breadth globally. Private markets have also enjoyed the fruits of international expansion growing 14% in Q1. We are currently focusing efforts on the Middle East with flagship clients driving regional growth. We've strengthened our presence in the Middle East by opening a new office in Riyadh, Saudi Arabia, in addition to our offices in Abu Dhabi and Dubai. I'll now turn the call over to Rahul to discuss the quarter in more detail.