|Summary Financial Results||2017||2016||Change|
|Dollars in millions, except per share data|
|Recurring fee revenues||517||393||32||%|
|Operating income margin||7.4||%||9.9||%|
|Adjusted operating income - Non-GAAP||82||68||19||%|
|Adjusted operating income margin - Non-GAAP||9.1||%||11.5||%|
|Adjusted EPS - Non-GAAP||$||0.36||$||0.33||9||%|
LAKE SUCCESS, N.Y., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter ended September 30, 2016 of its fiscal year 2017.
"Broadridge delivered a solid first quarter," said Richard J. Daly, Broadridge's President and Chief Executive Officer. "We reported strong revenue growth, largely driven by the acquisition of NACC, and continued strong momentum in Closed sales. We also took steps to strengthen our leadership position over the medium- and long-term by investing in blockchain technology for our proxy business and by executing on the digital strategy for our Investor Communication Solutions segment."