Broadridge Financial Solutions Inc

BR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$792.00	Smrnf	Zjxnkwv

Broadridge Earnings: Recurring Revenue a Bit Soft

Rajiv Bhatia

May 8, 2024

Broadridge reported a satisfactory fiscal third quarter. Recurring fee revenue growth decelerated to 4% during the period from 7% in the fiscal second quarter. It does, however, look like the firm saw some revenue move from the third quarter to the fourth quarter of fiscal 2024, which had a negative impact on recurring fee revenue by about 1-2 percentage points in the third quarter.

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