Broadridge Financial's first-quarter profit more than doubles, driven by key divisions
Photo by Mihai Cojocaru on Unsplash
Broadridge's first-quarter profit surged to $165.4 million, or $1.40 per share, up from $79.8 million, or $0.68 per share, the prior year, with total revenue increasing 12% to $1.59 billion. Due to the strong results, Broadridge updated its fiscal year 2026 outlook and anticipates recurring revenue growth to be at the higher end of its 5-7% guidance range.
Key takeaways
- Broadridge Financial Solutions reported a significant increase in first-quarter profit, driven by robust performance in its Investor Communication Solutions segment
- For the three months ending September 30th, the financial technology firm's profit reached $165
- 40 per share, a substantial increase from $79
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