Broadridge announces 4% revenue growth for the financial year and 12% for the final quarter
Source: LeapRate
Total revenue for the fourth quarter reached $1,362 million, up by 12% compared to the same period last year when it was $1,211 million.
Recurring fee revenues increased 14% YoY to $930 million from $813 million.
Operating income was $299 million, up by 24% compared to $241 in 2019.
Adjusted Operating income reached 25% YoY growth with $335 million.
Net earnings increased 25% to $230 million and Adjusted Net earnings increased 24% to $251 million.
Total revenue for the fourth quarter reached $4,529 million, up by 4% compared to the same period last year when it reached $4,362 million
Recurring fee revenues increased 10% to $3,036 million from $2,760 million in 2019.
Operating income was $625 million, down 4% compared to $653 in 2019.
Adjusted Operating income was $795 million, up by 6% from $746 million during the previous year.
Net earnings decreased 4% to $462 million and Adjusted Net earnings increased 6% to $588 million.
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