Broadridge reports second quarter fiscal 2024 results
Recurring revenues grew 7%; up 6% constant currency diluted eps rose to $0.59 and adjusted eps increased to $0.92 year-to-date closed sales rose 12% reaffirming fy'24 guidance, including 6-9% recurring revenue growth constant currency and 8-12% adjusted eps growth, and closed sales of $280-320 million new york , feb. 1, 2024 /prnewswire/ -- broadridge financial solutions, inc. (nyse:br) today reported financial results for the second quarter ended december 31, 2023 of its fiscal year 2024. results compared with the same period last year were as follows: summary financial results second quarter six months dollars in millions, except per share data 2024 2023 change 2024 2023 change recurring revenues $899 $840 7 % $1,770 $1,646 8 % constant currency growth (non-gaap) 6 % 7 % total revenues $1,405 $1,293 9 % $2,836 $2,576 10 % operating income $124 $108 15 % $273 $195 40 % margin 8.9 % 8.3 % 9.6 % 7.6 % adjusted operating income (non-gaap) $174 $173 1 % $374 $323 16 % margin (non-gaap) 12.4 % 13.4 % 13.2 % 12.5 % diluted eps $0.59 $0.48 23 % $1.35 $0.91 48 % adjusted eps (non-gaap) $0.92 $0.91 1 % $2.01 $1.75 15 % closed sales $58 $65 (11 %) $106 $94 12 % "broadridge's second quarter marks continued progress toward the growth objectives we outlined at our investor day in december," said tim gokey, broadridge ceo.
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