Broadridge Financial Solutions (BR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose compared to both the prior quarter and the same quarter a year earlier. The sequential increase was more pronounced than the year-over-year gain.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue for the quarter rose compared to both the prior quarter and the same quarter a year earlier. The sequential increase was more pronounced than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+27.3%
Change from the immediately preceding quarter.
Year-over-year
+7.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.7B | +12.5% |
| Sep 30, 2022 | $1.3B | +7.6% |
| Dec 31, 2022 | $1.3B | +2.6% |
| Mar 31, 2023 | $1.6B | +7.3% |
Revenue performance
Revenue increased from the preceding quarter, continuing the trend of higher revenue in this period. The year-over-year comparison also showed growth.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose by a substantial margin. Against the same quarter one year earlier, revenue also grew, though at a more moderate pace.
What to watch
The sequential revenue increase was notably larger than the year-over-year increase, which may reflect the seasonal nature of the business.