Broadridge Q1 revenue falls 1%, EPS drops 11%; raises recurring revenue outlook
Broadridge reported first-quarter fiscal 2025 results ended September 30, 2024, with total revenues down 1% to $1,423 million and diluted EPS down 11% to $0.68, while recurring revenues rose 3% to $900 million. The company raised its fiscal 2025 recurring revenue growth guidance to 6-8% constant currency from 5-7%, and reaffirmed 8-12% adjusted EPS growth, citing the recently closed SIS acquisition.
Key points
- Total revenues decreased 1% to $1,423 million; operating income fell 9% to $134 million
- Diluted EPS was $0.68 versus $0.76; adjusted EPS was $1.00 versus $1.09, down 8%
- Fiscal 2025 recurring revenue growth guidance raised to 6-8% constant currency from 5-7%; adjusted EPS growth guidance of 8-12% unchanged
- Acquisition of Kyndryl's SIS business completed November 1, 2024, for approximately $185 million
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2024.
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