New York
08 August 2014
Reporter: Catherine Van de Stouwe

Broadridge high-risers for Q4 and fiscal year

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.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Tom Carey takes on new role at Broadridge
16 January 2018 | New York | Reporter: Zsuzsa Szabo
Broadridge Financial Solutions has appointed Tom Carey to head up the firm’s new international business Broadridge International
Raymond James selects Red Deer for MiFID II
16 January 2018 | London | Reporter: Jenna Lomax
Raymond James Investment Services has chosen Red Deer’s research valuation management solution to adhere to MiFID II
SWIFT and CSDs join forces on proxy voting DLT
15 January 2018 | Brussels | Reporter: Jenna Lomax
SWIFT and seven CSDs have partnered to explore how distributed ledger technology could be implemented in proxy voting and for digital assets
Saxo Bank appoints CCO
15 January 2018 | London | Reporter: Jenna Lomax
Bunce will begin his new role in February 2018 and will report to Kim Fournais, CEO and founder
HSBC creates head of innovation role for blockchain actions
15 January 2018 | London | Reporter: Jenna Lomax
Nabi will be responsible for establishing and managing initiatives across HSS — focusing on technology as well as digital and data solutions
Northern Trust acquires technology resources from Citadel
12 January 2018 | Chicago | Reporter: Jenna Lomax
Citadel has agreed to give Northern Trust the software development rights for Omnium, a software solution, along with an undisclosed number of development staff
Lombard Risk share prices soars after Vermeg takeover offer
12 January 2018 | London | Reporter: Zsuzsa Szabo
Dutch financial software provider Vermeg has set its sights on acquiring Lombard Risk with a £52.08 million cash for shares offer
More news