Broadridge Financial Solutions (BR) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined sequentially but rose compared to the same quarter last year. The trailing twelve-month revenue remained elevated relative to the current quarterly level.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue for the quarter declined sequentially but rose compared to the same quarter last year. The trailing twelve-month revenue remained elevated relative to the current quarterly level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-1.8%
Change from the immediately preceding quarter.
Year-over-year
+8.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
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 |
|---|---|---|
| Mar 31, 2023 | $1.6B | +7.3% |
| Jun 30, 2023 | $1.8B | +6.7% |
| Sep 30, 2023 | $1.4B | +11.5% |
| Dec 31, 2023 | $1.4B | +8.7% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, while it increased compared to the same quarter one year earlier.
Quarterly comparison
Compared to the previous quarter, revenue moved lower, but on a year-over-year basis it moved higher. This pattern contrasts with the prior quarter's sequential growth and the same quarter last year's increase.
What to watch
The sequential revenue decline marks a reversal from the prior quarter's growth trend.