SS&C Technologies Holdings Inc (SSNC) Q1 2020 Earnings Call Transcript

SS&C Technologies Holdings Inc (SSNC) Q1 2020 Earnings Call Transcript

With me today is Bill Stone, Chairman and Chief Executive Officer; Rahul Kanwar, President and Chief Operating Officer; and Patrick Pedonti, our Chief Financial Officer.. Our results for the first quarter are $1.178 billion or $1.178 billion in adjusted revenues, up 2.4% and $1.03 in adjusted diluted earnings per share, up 13.2%.. In our Q3 revenue scenario, that means that the economy recovers in Q3, we expect revenues of $4.65 billion or a little over $50 million less than our previous guidance.. In the scenario, we expect to have 38.2% EBITDA margins and $1.125 billion in operating cash flow.. If we don't see economic recovery until Q1 2021, we expect 2020 revenues of $4.55 billion or about $220 million less than our previous guidance.. At Intralinks, our scenarios assume a decline in the pipeline of new M&A deals, still, current data rooms remain open longer and we derive some revenue benefit from the resulting extended usage.. Our results for the first quarter of 2020 was GAAP revenues of $1,173.6 million, GAAP net income of $99.2 million and EPS of $0.37.. Adjusted revenue was $1.178 billion, excluding the impact for the adoption of the revenue standard 606 and for acquired deferred