everyone. Thanks, morning Tim and good
XX we also Broadridge on X% products, points As XX.X% Recurring successfully million. quarter our technology you operating $XXX that from our can quarter. investments QX see another as last grew the in Slide grew X% Margins $XXX to financial discussed made declined strong basis million. in the Adjusted summary to we X, income to platforms, people. revenue delivered our
a tax we by Our QX operating in over ‘XX. ‘XX tax discrete offset in as income partially higher QX rate was benefits grew
X% our to the up quarter, EPS $X.XX adjusted QX grew ‘XX. in So, over
of revenue and the the with turn starting into let’s quarter, slide details get Now, the growth. recurring
powered As revenue growth comfortably organic I mid performance grew of recurring to said, by and revenue X% single-digit growth the recurring historic high X% quarter our strength the sustainable growth in demonstrating within model. our
to year, X%. result an guidance to our are of prior quarter, the a recurring from of As we growth growth at fourth end our that X% X% organic XX% revenue the for and in guidance for growth for raising full increase up strong to our higher outlook of the
our where I to volumes our X growth Regulatory $XXX with mutual Now, the highlighted by on at million. growth, million Slide record new XX% quarter’s XX% driven by XX% Tim higher including revenues solution to this net and revenue by equity grew look fund let’s revenues Rights rose Directive $XXX business and start from communications recurring X. that sales, will ICS Shareholder earlier. segment, ETF
growth. to regulatory with strong quarter testing fourth our current revenue expect XX% growth We in continue equity record indicating the
due QX S&P high-margin across forward print was levels. overall revenue and data and the months, XXX, issuer to strong VSM in offset our income increased in of growth we Our XX to lower also our and going to with offset in processing a depressed in accounts business from by our continued custodied rate, funds as analytics issuer as the revenue our was double-digit Customer increase ease to VSM have Fund volumes also of start to contributed revenues lower growth began that growth communications were activity digital solution penetration in pandemic business. thanks lap expect the significant flat by ‘XX. communications. we flat growth After VSMs solutions activity now growth in products, double-digit interest part issuer we
fourth communications in in growth pick customer data-driven the ease. to business these solutions as quarter our headwinds up both expect We and
by rose new X% of and driven sales GTO, lower Turning in on-boarding which the markets trading. strong investment and wealth $X retail higher component offset X% of management license expected. by as was declined fell sales, Capital revenues revenues, growth international revenues million to from
‘XX. in quarter, As picking in continue up revenue before last the fiscal growth we said this year ‘XX flat QX will
Let’s more growth volume trends, record turn recurring growth revenue benefits from Broadridge’s to underlying detail Page we XX, show on volume including stock trends. where growth.
has to growth to decade, January to from Recently, through and growth in testing. funds X% past has mutual year ‘XX estimates XX% the equity in increase ETF continued X%. Over XX% to equity, accelerated and ‘XX, surpassing our QX QX grown across record the record the
As trends Mutual these ‘XX. picked I QX to continue in said, XX% X%, rates. fund reach growth ETF our we to expect more record line growth growth as in well and and historical with up
fund double-digit in and engagement half to and retail across is equity, the to expect see on third of second for strong briefly investor of year of during volumes, Touching in return seasonally growth trading the This We the year, digit continued volume fiscal consecutive volatility will reflects moderate first bottom quarter. growth the which increase mutual the this fifth smaller the are records volume recently, more March, ‘XX in in quite slide, half. more on tougher quarter stronger both modeling a you the aggregate trade with growth past moderate comps ETF the we second which mid-single half subsided trading QX. over in volatility growth. into growth be More well this
growth recurring our from largest closer the of the component be for Let’s and revenue. Slide with both a continues at XX GTO. biggest Organic driver sales remains to at revenue growth healthy move our very and ICS drivers growth, the a of strong X% to look recurring contribution new
acquisitions. track in growth more ICS contributed our acquisitions, lapped in finally, the And We all now revenue. revenue X volumes retention year of regulatory decline GTO also license continued our we fully growth Internal XX%. as XXXX of have another record long fiscal points above offset than
add to recurring the revenue Itiviti quarter, to points X fourth to quarter we growth. fourth ahead Looking expect
Total Slide stronger revenue correspond on turn with due the and performance. will briefly our event with driven was mailings total distribution high usual, quarter. that reaching record revenue than increased this activity points to the quarter to growth XX contributing X we XX% revenue to increased touch Now growth the this
we expect across an offering. we the past X more forward, as focus to million. year’s margin continue and our business. above to in climbed client be time with higher line communications a digital third on in revenue over part revenues to have about quarters Event-driven our distribution in no to our $XX over revenue Moving low integral increase volumes of low as Event-driven activity remain proxy decline margin million increasing a governance unusually quarter $XX fund million as markets norms well in last rebound from quarter, benefited $XX historical an the capital mutual proxy of well reached and Broadridge transactions. the contest
to We more expect that revenue with be in over average have X the past seen fiscal years. ‘XX line event-driven the we
are purposes, modeling in event-driven assuming of revenues we fourth the million to For $XX $XX quarter. million
Slide income Turning adjusted XX, grew by to operating X%.
important our business. margin formula manage we our near-term are growth products right deliver long-term platforms Our drive margin recurring income sustainable remain reflecting investments expansion how margin of continued to points, in X-year margin and we year growth be growth, consistently points have revenue in last technology XX objectives. These year, which our and part adjusted to but forgoing investments, making operating of short-term on expansion, basis that This with product a we track ‘XX approximately that impact our highlighted on to we line guidance for call. fiscal by the capabilities continue declined an the our will full expansion platforms long-term on and support technology our investing quarterly in and XX basis
these us investments towards a it’s product see growth. lines, encouraging focused growth, to giving our of across long-term of on us all As momentum future making types CFO
closed spend to turn allocation, driver as mentioned key and long-term another moment revenue I operating turn of consistent earlier, most which Before to metric, sales, Slide recurring I on the a is let’s our capital XX growth.
year-to-date year. closed line with Our $XXX over sales are million our same period last performance in the
note Historically, million data track achieve our and of We the communications end. put handful We line of continue was to of $XXX closed our feel the propel which our to I And remain signings solutions. quarter on million larger by to the to growth. the QX range, top good backlog, for solutions, of million implies gives could guidance deals. in recurring to us fiscal conversely, year great our $XXX that us has to million. as the which impacted continue A our could closed lower about revenues including of ICS at a will guidance full ‘XX see of strong sales and larger performance of demand last delays been the us end timing quarter into year visibility and revenue of recurring sales, fourth ‘XX we for top range $XXX and XX% regulatory issuer $XX also our
$XX following over ‘XX cash to allocation year-to-date, on the strong higher year generated capital by of and X fiscal first Moving free million driven working million slide, $XXX months earnings we capital the of up management. flow
X of we fiscal $XX another software first million year, During the the in out building months invested and in platforms industry spending. our million CapEx $XXX and
was zero, Our Broadridge through months capital growing and the which $X.X year Itiviti, the on investment internal a a will moment. which allocation dividend, returning Itiviti remain change the balanced investment, M&A with X in shareholders. will acquisition, announced to prioritizes acquisition our after to I of policy. M&A completing capital committed touch Even our will that of but billion first excess
credit over we means will the opportunities an are smaller next prioritize committed down tuck-in we ourselves quarters. rating, investment-grade to repurchases over expect also to maintaining and pay share which Importantly, M&A several debt to limit
Given leverage comfortably flow, year that ‘XX. achieve the target we our our we X.Xx by of cash end strong free believe can new fiscal
On ratio. XX, the on close slide, track of right-hand returns coming to dividend in acquisition are the the remains Slide in capital our Itiviti the grown on historical has XX% side with to and line our we Turning payout weeks.
‘XX. you to performance. expected have some additional financial that the clarity on a Itiviti take our moment me impact let So, about fiscal will with year give I will start
adjusted acquired growth. points EPS growth, to fourth will approximately points recurring the note roughly growth. accounting to that revenue dilutive year or $XXX $X.XX negatively to modestly which fiscal our Itiviti adjusted or million two-thirds This of fiscal revenue, our Itiviti to recurring $X.XX Please I be be In reduce about to year acquisition approximately the just add in billion $XX our billion haircut acquisition And to approximately Itiviti’s add that we X with you. year points shared point in to we $XX to revenue impacted to And million X of X by recognition total expected fiscal will that treatment X accretive the equates which is be to to quarter revenue results growth. revenue $XX and full the both year impact ‘XX. expect to growth. by EPS numbers in our is points ‘XX, ‘XX by fiscal in expect with incorporated or expect ‘XX to We X
Finally, announced reiterate commentary about growth the objectives. gave I that I want to on the X-year our the you impact when we deal,
recurring than points X-year more to to growth to our X.X points EPS revenue points our to add CAGR. Itiviti after CAGR X X expect We adjusted and, interest, X-year
turning guidance X%, X Slide point fiscal that XX, our end raising and growth of from growth are ‘XX to XX% to for revenue the outlook X% on of to recurring we Now to includes from higher Itiviti. X%
X% higher to guidance raising from are to XX% of for our growth total to We end the X%. revenue X%
we long-term as operating returns with continue expect We in to approximately year to margin sustain ‘XX investments balance growth. continued expand XX.X% XX%, to near-term our up to income fiscal from adjusted
that the end EPS XX%, XX% of from from to to of up XX%, a adjusted X higher includes expect growth X% point drag and Itiviti. We
to questions, Finally, Financial million. before in share we final expect The $XXX is as model to range closed sales take some Broadridge earlier, I let begin And we thoughts. of to noted continue $XXX your the million working. me
plus and We margins. X% the strong fueling and in investments model business make balanced capital And products enables are we our free deliver step consistent XX% of backlog, our to deliver commit our significant investment both M&A to our to on a new dividend, at time, to is that $XXX year end us combined the financial higher X-year growth. to capital platform our closed for positions The another X% X% to of to rising deliver ability drive we example objectives our track TSR. to manage and revenue growth. That It’s which of same on strong our expand At EPS invest business on a steady and to to revenue growth cash flow of capabilities, recurring growth historically finally, up to strong EPS adjusted X% consistent our and and in recurring growth investment we revenue are sales, XX% great how thanks quartile to are additional track pursue million end our allocation, of recurring track markets growth, fund us top growth. adjusted is and a grow with revenue franchise. sustainable well result
your take the now hand call Andrea? back Andrea to questions. Let to me
