Broadridge Financial Solutions, Inc. (NYSE:BR) Q3 2023 Earnings Call Transcript

Edmund Reese : So Puneet, we’ve continued to see balanced growth across those 2 items, not just this year, but historically, over the past few years, balanced growth, half of it coming from converting the sales backlog, that Tim mentioned earlier, to revenue. We saw 4 points from that in this quarter and the other half coming from the position growth that we’ve seen and other trading growth in our GTO business. In this particular quarter, we saw 5 points coming from that. And I think you’re going to continue to see that same balance of contribution from those 2 areas as we move forward into Q4 and again, as I mentioned to David earlier, I think our — the actions that we’ve taken on the expense management side of it will play a big role in our ability to be able to hit the Q4 objective as well.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to management for closing remarks.

Tim Gokey : Thank you, operator, and thank you, everyone, who has joined us today. I hope, as you can tell, we’re excited about our progress against our long-term objectives and about the way those are playing out within this year and how that sets us up for the future. We are making important progress on our key strategic milestones across each of our businesses of governance, capital markets and wealth. We’re seeing the benefits of that in our business results, and we’re seeing the benefits of that in really increasingly strong free cash flow. So thank you very much for your interest in Broadridge. We look forward to reporting the results of another strong and consistent year to you when we meet in August. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.