OAKS, Pa., July 19, 2018 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second-quarter 2018. Diluted earnings per share were $0.75 in second-quarter 2018 compared to $0.57 in second-quarter 2017.
Consolidated Overview
| (In thousands, except earnings per share) |
For the Three Months Ended June 30, |
For the Six Months Ended June 30, |
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| 2018 | 2017 | % | 2018 | 2017 | % | |
| Revenues | $404,830 | $372,331 | 9% | $810,428 | $732,315 | 11% |
| Net income | 121,677 | 91,769 | 33% | 261,515 | 180,506 | 45% |
| Diluted earnings per share | $0.75 | $0.57 | 32% | $1.61 | $1.11 | 45% |
“Second-quarter financial results reflect increased adoption of our solutions across our markets, as well as continued migration to SEI's platforms, most notably the SEI Wealth PlatformSM,” said Alfred P. West, Jr., SEI Chairman and CEO.
"We continue to acquire new clients, enhance our platforms, and create scale while executing our long-term strategy. We feel that this puts us on track to generate sustainable growth for our shareholders."