2025-01-31 19:13:00 :
January 31st (Reuters) -China -Finance Corporation Broadridge Financial Beats Wall Street estimates that it has obtained the second quarter of profits on Friday, and its elastic demand for investors’ communication business will help. Why did Broadridge provide investors’ communication and technology -driven services from banks, brokers, dealers, asset managers, and company issuers.
Under the Trump administration, the expectations of lower corporate taxes and a more friendly regulatory environment have enhanced customer confidence, exacerbated the needs of services such as services and helping companies such as Broadridge.
The company’s business is divided into two segmented markets and is divided into investor communication solutions. These solutions are most of its income and global technology and operations.
The first and second quarters were the weak seasonality of Broadridge, because most listed companies have a large communication volume.
However, the financial service industry is undergoing rapid digital transformation, and the company is increasingly adopted cloud computing, artificial intelligence and blockchain technology.
Kyndryl’s securities industry service (SIS) platform, wealth and capital market technology platforms acquired at a price of $ 185 million, increasing its opening in the Canadian wealth market.
According to data compiled by LSEG, Broadridge’s income per share is $ 1.56 per share, while the average estimated values of analysts are $ 1.47.
Lake Success, headquartered in New York, revenue from the global technology and operating departments of this quarter, which was US $ 440 million, which was higher than $ 405.4 million a year ago.
In the second quarter, the income of its investor communication solution business increased by nearly 15 % to $ 1.15 billion.
In this quarter, the company’s total revenue increased by 13 % to $ 1.59 billion. (Prakhar Srivastava Report in Bangalore; Edit of Tasim Zahid)
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