OAKS, Pa., January 31, 2018 -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2017. Diluted earnings per share were $0.75 in fourth-quarter 2017 compared to $0.55 in fourth-quarter 2016.
Consolidated Overview
| (In thousands, except earnings per share) |
For the Three Months Ended December 31, |
For the Twelve Months Ended December 31, |
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| 2017 | 2016 | % | 2017 | 2016 | % | |
| Revenues | $408,219 | $368,810 | 11% | $1,526,552 | $1,401,545 | 9% |
| Net income | 122,144 | 88,611 | 38% | 404,389 | 333,817 | 21% |
| Diluted earnings per share |
$0.75 | $0.55 | 36% | $2.49 | $2.03 | 23% |
"Our financial results for both the fourth quarter and the full year reflect the growing adoption of our platforms across all of our business segments and the overall strength of our business," said Alfred P. West, Jr., SEI Chairman and CEO. "As we discussed at our Investor Conference in November, we are committed to a strategy of long-term sustainable growth, founded on our core mission, our values and our proven business model. The results for 2017 reflect that commitment.
"The wealth and investment management industries have headwinds to address and tailwinds to capitalize on. We believe our platforms position us well to assist our clients in their success and increase our opportunities for growth. This leads to increased shareholder value for our investors."