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Broadridge Financial Solutions Inc. (NYSE: BR) is a leading global provider of investor communications and technology-driven solutions for wealth management, asset management, and capital markets firms. Since its spin-off from ADP in 2007, Broadridge has been at the forefront of financial technology innovation, helping clients manage risk, achieve operational excellence, and drive growth.
Broadridge operates through two main segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). The ICS segment offers comprehensive solutions for proxy voting, regulatory communications, and shareholder engagement, while the GTO segment delivers advanced technology services and outsourcing solutions for trading, portfolio management, and back-office operations.
With over $6 billion in annual revenues and a presence in 21 countries, Broadridge's infrastructure supports the daily trading of more than $10 trillion of equities, fixed income, and other securities globally. The company serves a diverse clientele, including banks, broker-dealers, asset managers, wealth managers, and corporate issuers, providing the critical infrastructure needed to power investing, corporate governance, and communications.
Recent achievements highlight Broadridge's commitment to innovation and growth. The company has reported steady financial performance, including 6% organic recurring revenue growth for the second quarter of fiscal year 2024 and a reaffirmation of its annual guidance. Broadridge continues to enhance its product offerings, such as launching the Broadridge Investor Insights analytics platform to provide issuers with comprehensive investor and voting pattern data.
Broadridge also actively addresses key industry trends like the digitization of communications, mutualization of capabilities, and the evolving landscape of data and analytics. The company's strategic partnerships with financial institutions and corporate issuers worldwide further solidify its position as an industry leader.
Broadridge is a certified Great Place to Work®, employing over 14,000 associates dedicated to delivering unparalleled value to clients and fostering a culture of innovation. For more information about Broadridge and its solutions, visit their website.
Broadridge Financial Solutions (NYSE: BR) has announced the delivery of comprehensive investor communication solutions for Shareholder Rights Directive II (SRD II) compliance to Northern Trust. These solutions enhance shareholder communications for EU issuers and their intermediaries. Broadridge's Global Proxy platform, used by Northern Trust, supports real-time connectivity and same-day meeting distributions. With revenues of $5 billion, Broadridge underpins over $9 trillion in daily trading, serving as a global communications hub that links public companies to millions of investors.
Broadridge Financial Solutions (NYSE: BR) has declared a quarterly cash dividend of $0.64 per share, set to be paid on January 5, 2022. Stockholders of record will be eligible if their shares are held at the close of business on December 15, 2021. With revenues exceeding $5 billion, Broadridge plays a crucial role in providing vital infrastructure for investment management and communication, underpinning over $9 trillion in daily trading of various securities.
Broadridge Financial Solutions (NYSE: BR) has been awarded the Asset Servicing Regulatory Solution of the Year for its innovative Shareholder Rights Directive (SRD II) solution at the Asset Servicing Times Awards in London. The end-to-end SRD II solution enhances proxy voting and shareholder disclosure, facilitating compliance for market intermediaries. Broadridge implemented over 300 client solutions, focusing on digital connectivity and governance. With revenues of $5 billion, the company plays a pivotal role in corporate governance and market transparency, underpinning over $9 trillion in daily trading globally.
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Broadridge Financial Solutions reported strong first-quarter results for FY 2022, with total revenues up 17% to $1.193 billion and recurring fee revenues increasing by 16% to $751 million. Operating income rose 31% to $103 million, driven by robust governance trends and the integration of Itiviti. The company reaffirmed fiscal year guidance of 12-15% recurring revenue growth and 11-15% Adjusted EPS growth. Diluted EPS grew by 2% to $0.57, while adjusted EPS saw a 9% increase to $1.07. However, closed sales decreased by 6% to $30 million.
Broadridge Financial Solutions (NYSE:BR) has successfully implemented PeerNova's Cuneiform® Platform to enhance its customer onboarding process for international post-trade processing. This SaaS platform allows Broadridge to proactively manage and improve data quality across client data sources, leading to reduced onboarding costs, increased efficiency, and faster time-to-value for clients. Danny Green emphasized the importance of high-quality data in simplifying customer onboarding, while PeerNova's CEO, Gangesh Ganesan, highlighted the platform's ability to monitor data quality in real-time, ensuring effective and accurate client data migration.
Broadridge Financial Solutions (NYSE:BR) has deployed PeerNova's Cuneiform® Platform to enhance its international post-trade customer onboarding process. This SaaS platform focuses on data quality, enabling Broadridge to swiftly identify and resolve data challenges while improving efficiency and reducing onboarding costs. Danny Green, Head of Post-Trade Processing, emphasized the critical role of high-quality data in facilitating a smooth onboarding experience. The partnership aims to drive operational efficiency and expedite customer go-live dates, showcasing Broadridge's commitment to client-first innovations.
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