Broadridge Financial Solutions, Inc.
Broadridge Reports Q1 Fiscal 2025 Results and Raises FY2025 Outlook
Summary
Broadridge Financial Solutions, Inc. reported its first quarter fiscal 2025 results, showing a 3% increase in recurring revenues to $900 million and a 21% rise in closed sales to $57 million. Diluted EPS was $0.68, down 11% year-over-year, while adjusted EPS was $1.00, down 8%. The company raised its FY2025 guidance for recurring revenue growth to 6-8% constant currency and maintained its adjusted EPS growth guidance of 8-12%.
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About Broadridge Financial Solutions, Inc.
Broadridge Financial Solutions, Inc. is a leading provider of technology-driven solutions for the global financial industry. It specializes in investor communications, technology outsourcing, and data and analytics solutions for capital markets, wealth management, and asset management sectors. By delivering integrated solutions, Broadridge helps financial institutions manage the complexity of escalating regulatory requirements and evolving market demands. The company's offerings enable transparent and secure interactions with investors and shareholders through proxy voting and shareholder communications services. Broadridge’s technology platforms are crucial for streamlining operations, enhancing efficiency, and improving compliance management. By supporting back-office operations and providing end-to-end management of trade processing and settlement, Broadridge plays a pivotal role in ensuring the smooth functioning of financial transactions globally. Its services are utilized by banks, brokerage firms, and investment managers, reflecting its significant impact on the financial markets' infrastructure.
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