Broadridge Financial profit rises on strength in investor communication services unit
Feb 1 (Reuters) - Fintech firm Broadridge Financial reported a higher second-quarter profit on Thursday, helped by strong demand at both its mainstay business units.
Revenue at the company's investor communication services business, which accounts for most of Broadridge's revenue, rose to $1 billion from $919.4 million.
The company's global technology and operations unit recorded revenue of $405.4 million, up from $373.5 million.
Broadridge, which provides infrastructure that powers investing, corporate governance and communications to banks and broker-dealers, among others, also links public companies and mutual funds to individual and institutional investors.
The company reported an adjusted profit of $109.6 million, or 92 cents per share, in the second quarter, compared with $108.4 million, or 91 cents per share, a year earlier. (Reporting by Pritam Biswas in Bengaluru; Editing by Shounak Dasgupta)
