Broadridge reports first quarter fiscal 2024 results
Recurring revenues grew 8%; up 8% constant currency diluted eps was $0.76 and adjusted eps grew 30% to $1.09 closed sales rose $19 million to $48 million repurchased $150 million of shares reaffirming fy'24 guidance, including 6-9% recurring revenue growth constant currency and 8-12% adjusted eps growth new york , nov. 2, 2023 /prnewswire/ -- broadridge financial solutions, inc. (nyse: br) today reported financial results for the first quarter ended september 30, 2023 of its fiscal year 2024. results compared with the same period last year were as follows: summary financial results first quarter dollars in millions, except per share data 2024 2023 change recurring revenues $871 $806 8 % constant currency growth (non-gaap) 8 % 9 % total revenues $1,431 $1,283 12 % operating income $148 $88 70 % margin 10.4 % 6.8 % adjusted operating income (non-gaap) $199 $150 33 % margin (non-gaap) 13.9 % 11.7 % diluted eps $0.76 $0.42 81 % adjusted eps (non-gaap) $1.09 $0.84 30 % closed sales $48 $29 64 % "broadridge delivered strong first quarter results, with 8% recurring revenue growth constant currency, all organic, and 30% adjusted eps growth," said tim gokey, broadridge ceo.
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