Broadridge Financial Solutions reports Q1 revenue of $1.42B, raising fiscal 2025 outlook despite mixed results.

Broadridge Financial Solutions reported first-quarter revenue of $1.42 billion, slightly below expectations. Recurring revenues rose 3% to $900 million, while event-driven segment revenues fell 28%. Adjusted EPS was $1.00, exceeding the consensus of $0.97. The company raised its fiscal year 2025 outlook for recurring revenue growth to 6-8%. Broadridge's shares increased by 3.01%, and the company maintains a strong cash position.

November 05, 2024
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