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Channel programs News

The Best And Worst Channel Company Stocks In The First Quarter Of 2018

Rick Whiting

SS&C Technologies

CEO: William Stone

Dec. 29, 2017: $40.48

March 29, 2018: $53.64

Change: +32.51%

On Jan. 11 SS&C announced that it had struck a deal to acquire DST Systems, a supplier of financial and healthcare IT solutions, for $5.4 billion. SS&C completed the acquisition on April 16.

For its first quarter ended March 31, SS&C reported revenue of $421.9 million, up 3.5 percent from $407.7 million in the same quarter one year earlier. Net income was $51.3 million, up 6.4 percent from $48.1 million one year before.

SS&C, based in Windsor, Conn., is No. 33 on the CRN Solution Provider 500.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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