SS&C Technologies, the portfolio management systems company with some 250 client firms, reported 1996 financial results of $26 million in revenues, an increase of 40 per cent over the previous year. Net income was $473,000, a 50 per cent increase.
However, these numbers are deceptive, according to an analysis by Waters. A truer picture of SS&C's financial health is in the operating income, which is before interest revenue (or expense) and tax expenses (or credits).
According to the public comp
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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