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Broadridge Financial Solutions, Inc. (NYSE:BR), a global provider of technology-based outsourcing solutions to the financial services industry, today reported financial results for the fourth quarter and fiscal year ending June 30, 2016.
Broadridge’s fourth-quarter revenues of $975 million increased 5% from the year-ago quarter. Year over year, revenues uptick was driven by recurring fee revenues (up 7% year over year), which also include contribution from net new business, internal growth and acquisitions related synergies.
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Moreover, revenues from the Investor Communication Solutions segment (82% of total revenue) increased ... (read more)