Broadridge high-risers for Q4 and fiscal year 08 August 2014New York Reporter: Catherine Van de Stouwe
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Broadridge Financial Solutions has reported a strong Q4 and fiscal year, ending on 30 June 2014.
All areas reported a significant increase from year to date. The largest rise came from GAAP Diluted, which has a 25 percent increase, putting shares to $2.12 from $1.69 the previous year.
GAAP net earnings overall increased 24 percent to $263 million and non-GAAP net earnings increased 18 percent to $279 million. Total revenues increased 5 percent to $2,558 million.
Richard Daly, president and CEO of Broadridge, said: “The fourth quarter was successfully executed and enabled Broadridge to achieve another record year with 20 percent growth in Non-GAAP diluted [earnings per share] generated by Net New Business, favourable market conditions, and improved productivity.”
“Our position as an industry leader and our continued investments in value-added solutions increases our confidence in continuing to generate sustainable top quartile stockholder returns going forward.”
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