Broadridge Financial Solutions ( (BR) ) has released its Q2 earnings. Here is a breakdown of the information Broadridge Financial Solutions presented to its investors.
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Broadridge Financial Solutions, Inc., a leading global fintech firm, provides technology-driven solutions for financial services, enabling better corporate governance and communication. It operates across banking, broker-dealers, asset management, and public companies sectors, with a unique infrastructure that facilitates global trading and investing.
In its latest earnings report for the second quarter of fiscal year 2025, Broadridge reported significant growth in both revenue and earnings. The company saw a 9% increase in recurring revenues and a 13% rise in total revenues compared to the same period last year. The diluted earnings per share also surged by 103%, reflecting a strong financial performance.
The key highlights of Broadridge’s financial performance include a 69% increase in operating income and a 51% rise in adjusted operating income. The company also reported a 70% growth in adjusted earnings per share, achieving $1.56. The acquisition of SIS and organic growth contributed to the impressive results, particularly in the Investor Communication Solutions and Global Technology and Operations segments.
Looking ahead, Broadridge is reaffirming its fiscal year 2025 guidance, projecting consistent recurring revenue growth of 6-8% in constant currency and an 8-12% increase in adjusted EPS. The management remains confident in executing its long-term strategy to drive growth through innovation and expanding its market reach.
