<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2001

                                       OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                        COMMISSION FILE NUMBER 000-28430

                             SS&C TECHNOLOGIES, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

           DELAWARE                                    06-1169696
 (STATE OR OTHER JURISDICTION OF            (I.R.S. EMPLOYER IDENTIFICATION NO.)
  INCORPORATION OR ORGANIZATION)

                                80 LAMBERTON ROAD
                                WINDSOR, CT 06095

          (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)

                                  860-298-4500


              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

        SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE
 SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: COMMON STOCK, $.01
                              PAR VALUE PER SHARE



Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [_]


Number of shares outstanding of the issuer's classes of common stock as of
August 8, 2001:


            Class                                Number of Shares Outstanding

Common Stock, par value $0.01 per share                   14,995,227
<PAGE>   2
                             SS&C TECHNOLOGIES, INC.

                                      INDEX

<TABLE>
<CAPTION>
                                                                                     Page
                                                                                    Number

<S>                 <C>                                                             <C>
         PART I.    FINANCIAL INFORMATION

         Item 1.    Financial Statements

                    Consolidated Balance Sheets at

                    June 30, 2001 and December 31, 2000                                2

                    Consolidated Statements of Operations for the
                    three-month and six-month periods ended June 30, 2001
                    and 2000                                                           3

                    Consolidated Statements of Cash Flows for the
                    six-month periods ended June 30, 2001 and 2000                     4

                    Notes to Consolidated Financial Statements                         5

         Item 2.    Management's Discussion and Analysis of Financial
                    Condition and Results of Operations                                7

         Item 3.    Quantitative and Qualitative Disclosures About Market
                    Risk                                                              11

         PART II.   OTHER INFORMATION

         Item 2.    Changes in Securities and Use of Proceeds                         12

         Item 4.    Submission of Matters to a Vote of Security Holders               12

         Item 6.    Exhibits and Reports on Form 8-K                                  13

                    SIGNATURE                                                         14

                    EXHIBIT INDEX                                                     15
</TABLE>





This Quarterly Report on Form 10-Q may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. For this
purpose, any statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements. Without limiting the
foregoing, the words "believes," "anticipates," "plans," "expects" and similar
expressions are intended to identify forward-looking statements. The important
factors discussed below under the caption "Certain Factors That May Affect
Future Operating Results," among others, could cause actual results to differ
materially from those indicated by forward-looking statements made herein and
presented elsewhere by management from time to time.


                                       1
<PAGE>   3
                          PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS



                             SS&C TECHNOLOGIES, INC.
                                AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                 (in thousands)

<TABLE>
<CAPTION>
                                                                             June 30,          December 31,
                                                                               2001                2000
                                                                           (unaudited)
                                                                           -----------         ------------
ASSETS
<S>                                                                        <C>                 <C>
Current assets
    Cash and cash equivalents                                               $ 25,496             $ 20,690
    Investments in marketable securities                                      34,802               35,840
    Accounts receivable, net of allowance for doubtful accounts                8,672               10,509
    Income taxes receivable                                                      374                  144
    Prepaid expenses and other current assets                                  1,929                1,955
    Deferred income taxes                                                      3,115                3,391
                                                                           -----------         ------------
Total current assets                                                          74,388               72,529
                                                                           -----------         ------------
Property and equipment:
    Leasehold improvements                                                     3,135                2,983
    Equipment, furniture, and fixtures                                        17,027               16,338
                                                                           -----------         ------------
                                                                              20,162               19,321
    Less accumulated depreciation                                            (11,930)             (10,429)
                                                                           -----------         ------------
     Net property and equipment                                                8,232                8,892
                                                                           -----------         ------------
Deferred income taxes                                                          6,402                7,179
Goodwill, net of accumulated amortization                                         97                  129
Intangible and other assets, net of accumulated amortization                   2,109                2,129
                                                                           -----------         ------------
Total assets                                                                $ 91,228             $ 90,858
                                                                           ===========         ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
    Current portion of long-term debt                                         $    7               $   94
    Accounts payable                                                           1,689                1,121
    Accrued employee compensation and benefits                                 1,928                1,071
    Other accrued expenses                                                     1,720                3,492
    Deferred maintenance and other revenue                                    13,596               12,421
                                                                           -----------         ------------
Total current liabilities                                                     18,940               18,199
                                                                           -----------         ------------
    Long-term debt                                                                 2                    5
                                                                           -----------         ------------
Total liabilities                                                             18,942               18,204
                                                                           -----------         ------------


Stockholders' equity:
    Common stock                                                                 162                  162
    Treasury stock                                                            (6,490)              (5,700)
    Additional paid-in capital                                                88,999               88,852
    Accumulated other comprehensive income                                       926                2,434
    Accumulated deficit                                                      (11,311)             (13,094)
                                                                           -----------         ------------
Total stockholders' equity                                                    72,286               72,654
                                                                           -----------         ------------
Total liabilities and stockholders' equity                                  $ 91,228             $ 90,858
                                                                           ===========         ============
</TABLE>


          See accompanying notes to Consolidated Financial Statements.

                                       2
<PAGE>   4
                             SS&C TECHNOLOGIES, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      (in thousands, except per share data)
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                            Three Months Ended               Six Months Ended
                                                                         June 30,        June 30,        June 30,         June 30,
                                                                          2001            2000            2001             2000
                                                                          ------          ------          ------          ------
             Revenues:
<S>                                                                      <C>             <C>             <C>             <C>
                Software licenses                                        $ 3,865         $ 4,068         $ 7,077         $ 8,206
                Maintenance                                                6,705           6,599          13,118          13,171
                Professional services                                      2,294           3,261           4,080           6,671
                Outsourcing                                                1,415           1,475           2,833           2,475
                                                                          ------          ------          ------          ------
                  Total revenues                                          14,279          15,403          27,108          30,523
                                                                          ------          ------          ------          ------
             Cost of revenues:
                Software licenses                                            188             257             368             495
                Maintenance                                                1,800           1,664           3,615           3,305
                Professional services                                      1,540           2,264           3,398           5,090
               Outsourcing                                                 1,339           1,669           2,771           3,129
                                                                          ------          ------          ------          ------
                  Total cost of revenues                                   4,867           5,854          10,152          12,019
                                                                          ------          ------          ------          ------
             Gross profit                                                  9,412           9,549          16,956          18,504
                                                                          ------          ------          ------          ------
             Operating expenses:
               Selling and marketing                                       3,062           2,920           5,943           6,463
               Research and development                                    2,864           3,729           6,037           7,810
               General and administrative                                  2,839           2,813           5,368           5,434
                                                                          ------          ------          ------          ------
                  Total operating expenses                                 8,765           9,462          17,348          19,707
                                                                          ------          ------          ------          ------
             Operating income (loss)                                         647              87           (392)         (1,203)
                                                                          ------          ------          ------          ------
             Interest income, net                                            687             692           1,408           1,306
             Other income, net                                               581              77           1,815             770
                                                                          ------          ------          ------          ------
             Income before income taxes                                    1,915             856           2,831             873
             Provision for income taxes                                      718             247           1,048             253
                                                                          ------          ------          ------          ------
             Net income                                                 $  1,197         $   609        $  1,783          $  620
                                                                        ========         =======        ========          ======

             Basic earnings per share                                    $  0.08         $  0.04         $  0.12         $  0.04
                                                                        ========         =======        ========          ======
             Basic weighted average number of common shares
             outstanding                                                  15,049          16,103          15,077          16,073
                                                                        ========         =======        ========          ======
             Diluted earnings per share                                  $  0.08         $  0.04         $  0.12         $  0.04
                                                                        ========         =======        ========          ======
             Diluted weighted average number of common and
             common equivalent shares outstanding                         15,108          16,125          15,136          16,110
                                                                        ========         =======        ========          ======
</TABLE>



          See accompanying notes to Consolidated Financial Statements.


                                       3
<PAGE>   5
                             SS&C TECHNOLOGIES, INC.
                                AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (in thousands)
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                               Six months ended
                                                                                         June 30,              June 30,
                                                                                           2001                  2000
                                                                                        ----------            ---------
             Cash flow from operating activities:
<S>                                                                                     <C>                  <C>
                    Net income                                                           $  1,783               $  620
                                                                                        ----------            ---------
             Adjustments to reconcile net income to net cash provided by
             operating activities:
                     Depreciation and amortization                                          1,811                2,137
                     Gain on sales of equity investments                                  (1,800)                    -
                     Gain on sale of property and equipment                                   (3)                    -
                     Deferred income taxes                                                  1,052                  194
                     Provision for doubtful accounts                                          385                  784
                     Changes in operating assets and liabilities:
                          Accounts receivable                                               1,377              (1,248)
                          Prepaid expenses and other current assets                          (32)                   29
                          Taxes receivable                                                  (245)                  202
                          Accounts payable                                                    580                  238
                          Accrued expenses                                                  (888)                (542)
                          Deferred maintenance and other revenues                           1,270                2,363
                                                                                        ----------            ---------
                                 Total adjustments                                          3,507                4,157
                                                                                        ----------            ---------
                    Net cash provided by operating activities                               5,290                4,777
                                                                                        ----------            ---------
             Cash flow from investing activities:
                    Additions to property and equipment                                   (1,093)              (1,194)
                    Proceeds from sale of property and equipment                               51                   10
                    Issuance of convertible note receivable                                     -              (1,000)
                    Additions to capitalized software and other intangibles                  (87)                (152)
                    Purchases of marketable securities                                   (20,118)             (17,906)
                    Sales of marketable securities                                         21,711               11,433
                                                                                        ----------            ---------
                    Net cash provided by (used in) investing activities                       464              (8,809)
                                                                                        ----------            ---------
             Cash flow from financing activities:
                    Repayment of debt                                                        (91)                  (3)
                    Issuance of common stock                                                  188                  328
                    Purchase of common stock for treasury                                   (791)                (220)
                                                                                        ----------            ---------
                    Net cash (used in) provided by financing activities                     (694)                  105
                                                                                        ----------            ---------
             Effect of exchange rate changes on cash                                        (254)                    -
                                                                                        ----------            ---------
             Net increase (decrease) in cash and cash equivalents                           4,806              (3,927)
             Cash and cash equivalents, beginning of period                                20,690               14,304
                                                                                        ----------            ---------
             Cash and cash equivalents, end of period                                  $   25,496             $ 10,377
                                                                                       ===========            =========
</TABLE>

          See accompanying notes to Consolidated Financial Statements.


                                       4
<PAGE>   6
                    SS&C TECHNOLOGIES, INC. AND SUBSIDIARIES
                   Notes to Consolidated Financial Statements
                                   (Unaudited)

1. Basis of Presentation

     In the opinion of the Company, the accompanying unaudited consolidated
financial statements contain all adjustments (consisting of only normal
recurring adjustments, except as noted elsewhere in the notes to the
consolidated financial statements) necessary to present fairly its financial
position as of June 30, 2001 and the results of its operations for the three
months and six months ended June 30, 2001 and 2000. These statements do not
include all of the information and footnotes required by United States generally
accepted accounting principles for annual financial statements. The financial
statements contained herein should be read in conjunction with the consolidated
financial statements and footnotes as of and for the year ended December 31,
2000 which were included in the Company's Annual Report on Form 10-K filed with
the Securities and Exchange Commission. The December 31, 2000 consolidated
balance sheet data were derived from audited financial statements, but do not
include all disclosures required by generally accepted accounting principles for
annual financial statements. The results of operations for the three months and
six months ended June 30, 2001 are not necessarily indicative of the expected
results for the full year.

2. Basic and Diluted Earnings Per Share


     Earnings per share is calculated in accordance with Statement of Financial
Accounting Standards No. 128, "Earnings Per Share". Basic earnings per share
includes no dilution and is computed by dividing income available to the
Company's common stockholders by the weighted average number of common shares
outstanding for the period. Diluted earnings per share is computed by dividing
net income by the weighted average number of common and common equivalent shares
outstanding during the period. Common equivalent shares are comprised of stock
options using the treasury stock method. Common equivalent shares are excluded
from the computations of earnings per share if the effect of including such
common equivalent shares is antidilutive. Outstanding options to purchase 2.6
million and 3.3 million shares at June 30, 2001 and 2000, respectively, were not
included in the computation of diluted earnings per share for the quarter ended
because the effect of including such options would be antidilutive. Income
available to stockholders is the same for basic and diluted earnings per share.
A reconciliation of the shares outstanding is as follows (in thousands):


<TABLE>
<CAPTION>
                                                                     Three months ended             Six months ended
                                                                   June 30,      June 30,       June 30,       June 30,
                                                                     2001         2000            2001           2000
                                                                   -------       -------        -------         -------
<S>                                                                 <C>           <C>             <C>            <C>
     Basic weighted average shares outstanding                      15,049        16,103          15,077         16,073
     Weighted average common stock equivalents -- options               59            22              59             37
                                                                   -------       -------        -------         -------
     Diluted weighted average shares outstanding                    15,108        16,125          15,136         16,110
                                                                   =======       =======        ========        =======
</TABLE>


3. Comprehensive Income


     Statement of Financial Accounting Standards No. 130, "Reporting
Comprehensive Income" ("SFAS No. 130") requires that items defined as
comprehensive income, such as foreign currency translation adjustments and
unrealized gains (losses) on marketable securities, be separately classified in
the financial statements and that the accumulated balance of other comprehensive
income be reported separately from retained earnings and additional paid-in
capital in the equity section of the balance sheet.


     The following table sets forth the components of comprehensive income (in
thousands):

<TABLE>
<CAPTION>
                                                                               (Unaudited)
                                                       ------------------------------------------------------------
                                                           Three months ended                   Six months ended
                                                       ------------------------------------------------------------
                                                       June 30,         June 30,          June 30,         June 30,
                                                         2001             2000              2001             2000
                                                       ---------       ----------        ---------        ---------
<S>                                                     <C>             <C>               <C>               <C>
         Net income                                     $ 1,197           $ 609           $ 1,783           $ 620
         Foreign currency translation losses                (55)            (58)             (264)           (148)
         Unrealized gains (losses) on
         marketable securities                              (23)          1,164            (1,244)          4,474
                                                       ---------       ----------        ---------        ---------
            Total comprehensive income                  $ 1,119         $ 1,715              $275           $4,946
                                                       =========       ==========        =========        =========
</TABLE>


                                       5
<PAGE>   7
4. Stock Repurchase Program


     On May 24, 2001, the Company's Board of Directors authorized the repurchase
of its Common Stock through May 22, 2002 for a total expenditure of up to $20
million. The stock repurchase is in addition to a recently completed repurchase
program begun on May 23, 2000. During the three months ended June 30, 2001,
56,500 shares of Common Stock were repurchased for approximately $0.3 million.
As of June 20, 2001, under the repurchase programs, the Company had repurchased
a total of 1,210,719 shares of Common Stock for approximately $6.5 million.


5. Commitments and Contingencies:

     From time to time, the Company is subject to legal proceedings and claims
that arise in the normal course of its business. In the opinion of management,
the Company is not a party to any other litigation that it believes could have a
material effect on the Company or its business.

6. International Sales and Geography Information


     The Company manages its business primarily on a geographic basis. The
Company's reportable segments are comprised of the Americas and Europe. The
Americas segment includes both North and South America. The European segment
includes European countries as well as the Middle East and Africa. Other
operating segments include Asia Pacific and Japan.


          Revenues by geography were (in thousands):

<TABLE>
<CAPTION>
                                      (unaudited)                         (unaudited)
                                  Three months ended                   Six months ended
                              -------------------------         ----------------------------
                               June 30,        June 30,          June 30,           June 30,
                                 2001            2000              2001               2000
                              ---------      ----------         ---------          ---------
<S>                           <C>             <C>               <C>                <C>
       Americas               $ 12,624        $ 13,445          $ 22,987           $ 25,584
       Europe                    1,163           1,202             2,863              3,500
       Other                       492             756             1,258              1,439
                              ---------      ----------         ---------          ---------
                              $ 14,279        $ 15,403          $ 27,108           $ 30,523
                              =========      ==========         =========          =========
</TABLE>


                                       6
<PAGE>   8
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

RESULTS OF OPERATIONS

Revenues

The Company's revenues are derived from software licenses, related maintenance
and professional services and outsourcing services provided by SS&C Direct.
Revenues for the three months ended June 30, 2001 were $14.3 million,
representing a decrease of 7% from $15.4 million in the same period in 2000. The
decrease of $1.1 million for the three months ended June 30, 2001 was mainly
attributable to decreases in professional services and license revenues, which
was partially offset by an increase in maintenance revenues. Revenues for the
six months ended June 30, 2001 were $27.1 million, a decrease of 11% from $30.5
million in the same period in 2000. The decrease of $3.4 million for the six
months ended June 30, 2001 was attributable to a decrease in professional
services and license revenues, which was partially offset by an increase in
outsourcing services revenues.

Software Licenses. Software license revenues for the three and six months ended
June 30, 2001 were $3.9 million and $7.1 million, respectively, representing
decreases of 5% and 14% from the $4.1 million and $8.2 million, respectively, in
the comparable periods in 2000. The decrease in the license revenues for the
three months ended June 30, 2001 was primarily the result of lower sales of
Antares 2000, AdvisorWare 2000, and SKYLINE, which was partially offset by
increased sales of CAMRA 2000 and Total Return 2000. The decrease for the six
months ended June 30, 2001 was primarily the result of lower sales of Antares
2000, AdvisorWare 2000, Mabel and SKYLINE, which was partially offset by
increased sales of CAMRA 2000, Total Return 2000, and PTS 2000.

Maintenance. Maintenance revenues for the three months ended June 30, 2001 were
$6.7 million, representing an increase of 2% over the $6.6 million for the same
period in 2000. The increase was primarily due to growth in the Company's
installed base of clients requiring maintenance services. Maintenance revenues
for the six months ended June 30, 2001 were $13.1 million, unchanged compared to
the same period in 2000.


Professional Services. Professional services revenues for the three and six
months ended June 30, 2001 were $2.3 million and $4.1 million, respectively,
representing decreases of 30% and 39% from the $3.3 million and $6.7 million,
respectively, in the comparable periods in 2000. Demand for the Company's
implementation, conversion and training services has decreased primarily due to
the decrease in sales of the Company's software products which require such
services. The professional service revenues will continue to be affected by the
overall license revenue levels.


Outsourcing Services. Outsourcing services revenues for the three months ended
June 30, 2001 were $1.4 million representing a decrease of 4% over the $1.5
million in the comparable periods of the prior year. Revenues for the six months
ended June 30, 2001 were $2.8 million, representing an increase of 14% over the
$2.5 million in the comparable periods in 2000. The increase for the six-month
period ended June 30, 2001 was due to an increased demand by customers for
outsourcing services.

Cost of Revenues

Total cost of revenues for the three and six months ended June 30, 2001 were
$4.9 million and $10.2 million, respectively, representing decreases of 17% and
16%, respectively, from the $5.9 million and $12.0 million, respectively, in the
comparable periods in 2000. The gross margin increased to 66% in the three
months ended June 30, 2001 from 62% in the comparable period in 2000. For the
six months ended June 30, 2001, the gross margin increased to 63% from 61% in
the comparable period in 2000. This gross margin increase in both the three and
six-month periods was primarily due to an increase in the outsourcing services
revenue margins.

Cost of Software Licenses. Cost of software license revenues relates primarily
to royalties, the costs of product media, packaging, documentation and labor
involved in the distribution of the Company's software and the amortization of
completed technology. Cost of software licenses decreased 27% from $257,000 in
the three-month period ended June 30, 2000 to $187,000 for the same period in
2001, representing 6% and 5% of license revenues in each of those quarters,
respectively. Cost of software licenses in the six-month periods ended June 30,
2000 and 2001 were $495,000 and $368,000, respectively and represented 6% and 5%
of license revenues in each of those periods, respectively. The decreases in
costs for both the three and six-month periods ended June 30, 2000 were due
primarily to the reduction in


                                       7
<PAGE>   9
amortization for completed technology. The amortization, which was related to
the 1998 acquisition of Savid International, was completed in the second quarter
of 2000.

Cost of Maintenance. Cost of maintenance revenues primarily consists of
technical customer support and the engineering costs associated with product and
regulatory updates. The cost of maintenance increased from $1.7 million in the
three months ended June 30, 2000 to $1.8 million in the three months ended June
30, 2001. The cost of maintenance increased from $3.3 million in the six months
ended June 30, 2000 to $3.6 million in the six months ended June 30, 2001. The
increase costs for both the three and six-month periods ended June 30, 2001 was
mainly due to higher personnel and wage costs. The cost of maintenance remained
relatively constant as a percentage of such revenues for the three and six-month
periods ended June 30, 2001 and 2000.


Cost of Professional Services. Cost of professional services revenues primarily
consists of the cost of personnel utilized to provide implementation, conversion
and training services to the Company's software licensees as well as custom
programming, system integration and actuarial consulting services. The cost of
professional service revenues decreased 32% from $2.3 million in the three
months ended June 30, 2000 to $1.5 million for the same period in 2001,
representing 69% and 67% of professional service revenues in each of those
quarters, respectively. Cost of professional services revenue in the six-month
periods ended June 30, 2000 and 2001 were $5.1 million and $3.4 million
respectively, and represented 76% and 83% of professional services revenues in
each of those periods, respectively. The Company has significantly reduced its
professional consulting organization due to the decrease in demand for the
Company's implementation services.

Cost of Outsourcing. Cost of outsourcing revenues primarily consists of the cost
of personnel utilized in servicing the Company's outsourcing clients. The cost
of outsourcing revenues decreased 20% from $1.7 million in the three months
ended June 30, 2000 to $1.3 million for the same period in 2001, representing
113% and 95% of outsourcing revenues in each of those quarters, respectively.
Cost of outsourcing in the six-month periods ended June 30, 2000 and 2001 was
$3.1 million and $2.8 million, respectively, representing 126% and 98% of
outsourcing revenues in each of those periods, respectively. The decrease in the
cost of outsourcing is due to lower personnel related costs as a result of
improved operational efficiencies.


Operating Expenses

Selling and Marketing. Selling and marketing expenses primarily consist of the
cost of personnel associated with the selling and marketing of the Company's
products, including salaries, commissions, and travel and entertainment. Such
expenses also include the cost of branch sales offices, advertising, trade
shows, marketing and promotional materials. Selling and marketing expenses
increased 5% from $2.9 million in the three months ended June 30, 2000 to $3.1
million in the three months ended June 30, 2001, representing 19% and 21%,
respectively, of total revenues for those periods. These expenses decreased 8%
from $6.5 million in the six months ended June 30, 2000 to $5.9 million in the
same period in 2001, representing 21% and 22%, respectively, of total revenue
for those periods. The increase for the three-month period ended June 30, 2001
was mainly due to higher personnel and recruiting costs as the Company increased
sales personnel during the quarter. The decrease for the six-month period ended
June 30, 2001 was largely attributable to lower personnel related costs and
lower sales commissions due to reduced license revenues.

Research and Development. Research and development expenses consist primarily of
personnel costs attributable to the development of new software products and the
enhancement of existing products. Research and development expenses decreased
23% from $3.7 million in the three months ended June 30, 2000 to $2.9 million in
the three months ended June 30, 2001, representing 24% and 20%, respectively, of
total revenues for those periods. Research and development expenses decreased
23% from $7.8 million in the six months ended June 30, 2000 to $6.0 million in
the six-month period ended June 30, 2001, representing 26% and 22%,
respectively, of total revenue for those periods. These decreases were mainly
due to lower personnel-related costs resulting from improved operational
efficiencies.

General and Administrative. General and administrative expenses are primarily
composed of the cost of personnel utilized in management, accounting,
information technology, human resources and administration and associated
overhead costs, as well as fees for professional services. General and
administrative expenses for the three months ended June 30, 2001 were $2.8
million, unchanged compared to the three months ended June 30, 2000,
representing 20% and 18%, respectively, of total revenues for those periods.
These expenses decreased 1% from $5.4 million in the six months ended June 30,
2000 to $5.4 million in the same period in 2001, representing 18% and 20%,
respectively, of total revenues for those periods. The year to date dollar
decrease was mainly attributable to lower bad debt expense.


                                       8
<PAGE>   10
Interest and Other Income, Net. Interest and other income, net consists
primarily of interest income and other non-operational income and expenses.
Interest income, net was $687,000 for the three months ended June 30, 2001
compared to $692,000 in the same period in 2000. Interest, net increased 8% from
$1.3 million in the six months ended June 30, 2000 to $1.4 million in the same
period in 2001. Included in other income, net for the three and the six months
ended June 30, 2001 was a gain on the sale of an equity investment $580 thousand
and $1.8 million, respectively.

Provision for Income Taxes. The Company had effective tax rates of 29% and 37%
in the six-month periods ended June 30, 2000 and 2001, respectively. The
increase in the effective tax rate was primarily due to lower research and
development tax credits and the impact of the shift in marketable securities
investments from non-taxable to taxable securities.

LIQUIDITY AND CAPITAL RESOURCES


The Company's cash, cash equivalents and marketable securities at June 30, 2001
were $60.3 million, increasing $3.8 million from the $56.5 million at December
31, 2000. Included in marketable securities at June 30, 2001 was an equity
investment valued at $2.0 million that is subject to considerable market risk
due to its volatility.


Net cash provided by operating activities was $5.3 million for the six months
ended June 30, 2001. Cash provided by operating activities was primarily due to
earnings adjusted for non-cash items, an increase in deferred revenues, and a
decrease in accounts receivable. Accounts receivables decreased from $10.5
million at December 31, 2000 to $8.7 million at June 30, 2001, reducing days
sales outstanding to 55 days.

Investing activities provided cash of $0.5 million for the six months ended June
30, 2001. This was primarily due to the net proceeds from the sale of marketable
securities of $1.6 million offset by capital expenditures of $1.1 million.


Financing activities used cash of $0.7 million. This was primarily due to the
Company's stock repurchase program. The Company repurchased 149,600 shares of
Common Stock for treasury in the six-month period ended June 30, 2001 for a
total cost of $0.8 million.


The Company believes that its current cash balances and net cash provided by
operating activities will be sufficient to meet its working capital and capital
expenditure requirements for at least the next 12 months.

CERTAIN FACTORS THAT MAY AFFECT FUTURE OPERATING RESULTS


Fluctuations in Quarterly Performance. Historically, the Company's revenues and
operating results have fluctuated substantially from quarter to quarter. The
Company's quarterly operating results may continue to fluctuate due to a number
of factors, including the timing, size and nature of the Company's individual
license transactions; the timing of the introduction and the market acceptance
of new products or product enhancements by the Company or its competitors; the
relative proportions of revenues derived from license fees, maintenance,
consulting, and other recurring revenues and professional services; changes in
the Company's operating expenses; personnel changes; and fluctuations in
economic and financial market conditions. The timing, size, and nature of
individual license transactions are important factors in the Company's quarterly
operating results. Many such license transactions involve large dollar amounts,
and the sales cycles for these transactions are often lengthy and unpredictable.
There can be no assurance that the Company will be successful in closing large
license transactions on a timely basis or at all.

Dependence on the Financial Services Industry. The Company's clients include a
range of organizations in the financial services industry. The success of these
clients is intrinsically linked to the health of the financial markets. In
addition, because of the capital expenditures required in connection with an
investment in the Company's products, the Company believes that demand for its
products could be disproportionately affected by fluctuations, disruptions,
instability, or downturns in the financial markets, which may cause clients and
potential clients to exit the industry or delay, cancel, or reduce any planned
expenditures for investment management systems and software products. Any
resulting decline in demand for the Company's products could have a material
adverse effect on the Company's business, financial condition, and results of
operations.

Business Model Change. The Company is in the process of modifying its business
model from one based on license fees derived from licensing proprietary software
to one based on both licensing its software and transaction fees for the use of
SS&C Direct outsourcing services. Due to this change in the business model, the
Company's revenues will increasingly depend on its ability to attract customers
to SS&C Direct and on its ability to grow the number and volume of users of the


                                       9
<PAGE>   11
Company's outsourcing services. The number of users and the volume of their
activity are largely outside of the Company's control. Thus, the Company's past
operating results may not be a meaningful indicator of its future performance.

Product Concentration. To date, substantially all of the Company's revenues have
been attributable to the licensing of its CAMRA 2000, AdvisorWare 2000, Total
Return 2000, PTS 2000, and SKYLINE software and the provision of maintenance and
consulting services in support of such software. The Company expects that the
revenue from these software products will continue to account for a significant
portion of its revenues for the foreseeable future. As a result, factors
adversely affecting the pricing of or demand for such products and services,
such as competition or technological change, could have a material adverse
effect on the Company's business, financial condition and results of operations.

Competition. The market for financial service software is competitive, rapidly
evolving and highly sensitive to new product introductions and marketing efforts
by industry participants. Although the Company believes that none of its
competitors currently competes against the Company in all of the markets served
by the Company, there can be no assurance that such competitors will not compete
against the Company in the future in additional markets. In addition, many of
the Company's current and potential future competitors have significantly
greater financial, technical and marketing resources, generate higher revenues
and greater name recognition than the Company.

Rapid Technological Change. The market for the Company's products and services
is characterized by rapidly changing technology, evolving industry standards and
new product introductions. The Company's future success will depend in part upon
its ability to enhance its existing products and services and to develop and
introduce new products and services to meet changing client needs. The process
of developing software products such as those offered by the Company is
extremely complex and is expected to become increasingly complex and expensive
in the future due to the introduction of new platforms and technologies. There
can be no assurance that the Company will successfully complete the development
of new products in a timely fashion or that the Company's current or future
products will satisfy the needs of the financial markets.

Dependence on Database Supplier. The relational database design used in many of
the Company's software products incorporates PFXplus, a "C"-based database
management system licensed to the Company by POWERflex Corporation Proprietary
Limited, an Australian vendor ("Powerflex"). If Powerflex were to increase its
fees under the license agreement, the Company's results of operations could be
materially adversely affected. Moreover, if Powerflex were to terminate the
license agreement, the Company would have to seek an alternative relational
database for its software products. Even though the Company believes that it
could migrate its products to an alternative database, there can be no assurance
that the Company would be able to license a database in a timely fashion with
similar features and on terms acceptable to the Company.

Dependence on Proprietary Technology. The Company's success and ability to
compete is dependent in part upon its ability to protect its proprietary
technology. The Company relies on a combination of trade secret, copyright, and
trademark law, nondisclosure agreements and technical measures to protect its
proprietary technology. There can be no assurance that the steps taken by the
Company to protect its proprietary technology will be adequate to prevent
misappropriation or independent third-party development of such technology.

Product Defects and Product Liability. The Company's software products are
highly complex and sophisticated and could, from time to time, contain design
defects or software errors that are difficult to detect and correct. Errors,
bugs or viruses may result in loss of or delay in market acceptance of the
Company's software products or loss of client data. Although the Company has not
experienced material adverse effects resulting from any software defects or
errors, there can be no assurance that, despite testing by the Company and its
clients, errors will not be found in new products, which errors could result in
a delay in or an inability to achieve market acceptance and thus could have a
material adverse effect upon the Company's business, financial condition, and
results of operations.

Key Personnel. The Company's success is dependent in part upon its ability to
attract, train and retain highly skilled technical, managerial, and sales
personnel. The loss of services of one or more of the Company's key employees
could have a material adverse effect on the Company's business, financial
condition and results of operations. Competition for the hiring of such
personnel in the software industry is intense. Locating candidates with the
appropriate qualifications, particularly in the desired geographic location, is
difficult. Although the Company expects to continue to attract and retain
sufficient numbers of highly skilled employees for the foreseeable future, there
can be no assurance that the Company will be able to do so.


                                       10
<PAGE>   12
Risks Associated with International Operations. The Company has risks associated
with its foreign operations. An increase in the value of the U.S. dollar
relative to foreign currencies could make the Company's products more expensive
and, therefore, potentially less competitive in those foreign markets. A portion
of the Company's international sales is denominated in foreign currency, and the
Company occasionally hedges some of the risk associated with foreign exchange
fluctuations. Although the Company believes its foreign currency exchange rate
risk is minimal, significant fluctuations in the value of foreign currencies
could have a material adverse effect on the earnings of the Company. In
addition, the Company's international business may be subject to a variety of
other risks, including difficulties in obtaining U.S. export licenses,
potentially longer payment cycles, increased costs associated with maintaining
international marketing efforts, the introduction of non-tariff barriers and
higher duty rates and difficulties in enforcement of third-party contractual
obligations and intellectual property rights. There can be no assurance that
such factors will not have a material adverse effect on the Company's business,
financial condition or results of operations.

Because of these and other factors, past financial performance should not be
considered an indication of future performance. The Company's quarterly
operating results may vary significantly, depending on factors such as the
timing, size, and nature of licensing transactions and new product introductions
by the Company or its competitors. Investors should not use historical trends to
anticipate future results and should be aware that the trading price of the
Company's common stock may be subject to wide fluctuations in response to
quarterly variations in operating results and other factors, including those
discussed above.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company has no derivative financial instruments. The Company generally
places its marketable security investments in high credit quality instruments,
primarily U.S. Government and Federal Agency obligations, tax-exempt municipal
obligations and corporate obligations. The Company does not expect any material
loss from its marketable security investments and therefore believes that its
potential interest rate exposure is not material.

The Company invoices customers primarily in U.S. dollars and in local currency
in those countries in which the Company has branch and subsidiary operations.
The Company is exposed to foreign exchange rate fluctuations from when customers
are invoiced in local currency until collection occurs. Through June 30, 2001,
foreign currency fluctuations have not had a material effect on the Company's
financial position or results of operation, and therefore the Company believes
that its potential foreign currency exchange rate exposure is not material.

The foregoing risk management discussion and the effect thereof are
forward-looking statements. Actual results in the future may differ materially
from these projected results due to actual developments in global financial
markets. The analytical methods used by the Company to assess and minimize risk
discussed above should not be considered projections of future events or losses.


                                       11
<PAGE>   13
PART II - OTHER INFORMATION

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS


d. The following information relates to the use of the $52.8 million of net
proceeds from the Company's initial public offering of Common Stock (the
"Offering").

The effective date of the Company's Registration Statement on Form S-1 File No.
333-3094 (the "Registration Statement") relating to the Offering, for which the
following use of proceeds information is being disclosed, was May 30, 1996.


From the effective date of the Registration Statement through June 30, 2001, the
Company has used the net offering proceeds to the Company as follows (in
thousands):

<TABLE>
<S>                                                              <C>
       Corporate move and equipment purchases                    $ 16,111
       Acquisition of other business                                5,333
       Repayment of indebtedness                                    3,629
       Purchase of common stock for treasury                        6,490
       Marketable securities                                       21,237
             Total                                                $52,800
</TABLE>


All of the above listed payments were direct or indirect payments to persons
other than directors, officers, general partners of the Company or their
associates; persons owning ten percent or more of any class of equity securities
of the Company, or affiliates of the Company.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


At the 2001 Annual Meeting of Stockholders of the Company (the "Annual Meeting")
held on May 24, 2001, the following matters were acted upon by the stockholders
of the Company:


1. The election of Joseph H. Fisher and David W. Clark, Jr. as Class II
directors for the ensuing three years;


2. The approval of the amendment to the Company's 1998 Stock Incentive Plan, as
amended, to increase the number of shares of Common Stock authorized for
issuance thereunder from 2,000,000 to 2,500,000 shares;


3. Ratification of the appointment of PricewaterhouseCoopers LLP as the
independent public accountants of the Company for the current fiscal year.

The number of shares of Common Stock outstanding and entitled to vote at the
Annual Meeting was 15,200,716. The other directors of the Company, whose terms
of office as directors continued after the Annual Meeting, are Jonathan M.
Schofield, Patrick J. McDonnell, and William C. Stone. The results of the voting
on each of the matters presented to stockholders at the Annual Meeting are set
forth below:

<TABLE>
<CAPTION>
                                                                     Votes         Votes                         Broker
Matter                                                Votes For     Withheld       Against       Abstentions    Non-Votes
------                                                ---------     --------      ---------      -----------    ---------
<S>                                                   <C>           <C>           <C>            <C>            <C>
Election of Directors:
    Joseph H. Fisher (Class II)                        13,785,773     633,350            N/A            N/A           N/A
    David W. Clark, Jr. (Class II)                     13,785,773     633,350            N/A            N/A           N/A
Approval of Amendment to 1998 Stock Incentive Plan     13,047,495         N/A      1,365,378          6,250           N/A
Ratification of PricewaterhouseCoopers LLP             14,243,393         N/A        173,460          2,270           N/A
</TABLE>


                                       12
<PAGE>   14
ITEM 6. EXHIBIT AND REPORTS ON FORM 8-K

a.   The exhibit listed in the Exhibit Index immediately preceding such exhibit
     is filed as part of or is included in this Report.

b.   Reports on Form 8-K.

(i)  On May 25, 2001, the Company filed a Current Report on Form 8-K, dated May
     24, 2001, to report under Item 5 (Other Events) that the Company had been
     authorized to repurchase shares of its Common Stock with an aggregate value
     of up to $20,000,000. The stock repurchase is in addition to a recently
     completed program to repurchase shares which begun on May 23, 2000 pursuant
     to which the Company repurchased 1,203,219 shares for a total expenditure
     of $6,449,353. No financial statements were required to be filed with this
     Report.


(ii) On May 25, 2001, the Company filed a Current Report on Form 8-K to update
     under Item 5 (Other Events) the description of the Company's securities. No
     financial statements were required to be filed with this Report.


                                       13
<PAGE>   15
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                   SS&C TECHNOLOGIES, INC.


Date: August 13, 2001              By:/s/ Anthony R. Guarascio

                                   Anthony R. Guarascio
                                   Senior Vice President and Chief
                                   Financial Officer
                                   (Principal Financial and Accounting Officer)


                                       14
<PAGE>   16
                                  EXHIBIT INDEX

Exhibit Number  Description


10.1           1998 Stock Incentive Plan, as amended (Filed as Appendix C to the
               Registrant's Definitive Proxy Statement on Schedule 14A for the
               Registrant's Annual Meeting of Stockholders held May 24, 2001
               File No. 000-28430), and incorporated herein by reference).





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