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EX - 99.1 2 ex991 earningsrelease2q2021.htm EX - 99.1 Broadridge® Broadridge Reports Second Quarter Fiscal Year 2021 Results Expecting FY 2021 Recurring Revenue and Adjusted EPS growth at higher end of guidance range Recurring Revenue Grew 7 % Summary Financial Results Dollars in millions , except per share data NEW YORK , N.Y. , February 2 , 2021 - Broadridge Financial Solutions , Inc. ( NYSE : BR ) today reported financial results for the second quarter and six months ended December 31 , 2020 of its fiscal year 2021. Results compared with the same period last year were as follows : Recurring fee revenues Total revenues Operating income Operating income margin Diluted EPS Increased to $ 0.48 Adjusted EPS Increased 38 % to $ 0.73 Adjusted Operating income - Non - GAAP Adjusted Operating income margin - Non GAAP Diluted EPS Adjusted EPS - Non - GAAP Closed sales Second Quarter 2021 $ 696 $ 1,055 79 7.5 % 119 11.2 % $ 0.48 $ 0.73 $ 46 2020 Change $ 648 $ 969 27 2.8 % 94 9.7 % $ 0.09 $ 0.53 $ 45 1 26 % Six Months 433 % 38 % 2 % EXHIBIT 99.1 2021 7 % $ 1,367 $ 1,272 9 % $ 2,072 $ 1,917 197 % 158 7.6 % 269 13.0 % $ 1.04 $ 1.70 $ 79 2020 Change 100 5.2 % 198 10.3 % $ 0.56 $ 1.22 $ 83 8 % 8 % 58 % 36 % 86 % 39 % ( 5 % ) " After a strong second quarter , we expect to be at the higher end of our full - year 2021 guidance range for 3-6 % Recurring revenue and 6-10 % Adjusted EPS growth , " said Tim Gokey , Broadridge's Chief Executive Officer . " Broadridge delivered 7 % Recurring revenue growth and 38 % Adjusted EPS growth in the second quarter . " We are executing well on our targeted growth plans across Governance , Capital Markets , and Wealth & Investment Management . As we enter our seasonally more significant second half of the year , we will continue to invest to support our long - term growth strategies , " Mr. Gokey added . " Our Fiscal 2021 outlook puts us squarely on track to achieve the three - year growth objectives we presented at our investor day two months ago , including 7-9 % Recurring revenue and 8-12 % Adjusted EPS growth , " Mr. Gokey concluded .