Broadridge Financial Solutions, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenues of $577 million, GAAP net earnings from continuing operations of $43 million, Non-GAAP net earnings from continuing operations of $50 million, GAAP diluted earnings per share from continuing operations of $0.35, and Non-GAAP diluted earnings per share from continuing operations of $0.39. This compares with revenues of $547 million, GAAP net earnings from continuing operations of $18 million, Non-GAAP net earnings from continuing operations of $41 million, GAAP diluted earnings per share from continuing operations of $0.14, and Non-GAAP diluted earnings per share from continuing operations of $0.32 for the comparable quarter of the previous fiscal year. Fiscal year 2013 Non-GAAP results exclude the impact of Acquisition Amortization and Other Costs, and restructuring charges. In addition, fiscal year 2012 Non-GAAP results exclude the impact of Acquisition Amortization and Other Costs, impairment charges, and IBM Migration costs. The increase in revenue was driven by a positive contribution from recurring fee revenues of approximately $16 million including net new business (defined as closed sales less client losses) and higher distribution revenues of $13 million. For the third quarter of fiscal year 2013, GAAP net earnings from continuing operations increased 140%, primarily due to the impact of the aforementioned Penson Note Receivable impairment charge and IBM Migration costs in the prior year. Non-GAAP net earnings from continuing operations were increased 22%. Earnings from continuing operations before income taxes were $67.7 million against $28.8 for the same period of last year. For the nine months ended March 31, 2013, revenues increased $63 million, or 4%, to $1,566 million, compared to $1,503 million for the comparable period last year. The increase was driven by a positive contribution from recurring fee revenues of approximately $34 million including net new business, acquisitions, higher distribution revenues of $25 million and higher event-driven fee revenues of $6 million. For the nine months ended March 31, 2013, GAAP net earnings from continuing operations of $78 million increased 86% compared to $42 million in the comparable period last year. Non-GAAP net earnings from continuing operations were $94 million compared to $83 million in the comparable period last year. GAAP diluted earnings per share from continuing operations increased to $0.62 per share compared to $0.33 per share for the comparable period last year. Non-GAAP diluted earnings per share from continuing operations were $0.74 per share compared to $0.65 per share for the comparable period last year. The impairment charges and IBM Migration costs decreased GAAP diluted earnings per share by $0.16 and $0.06, respectively, in the same period last year. Earnings from continuing operations before income taxes were $121.0 million against $65.6 for the same period of last year. The company revised earnings guidance for the full year of 2013. The company anticipates recurring revenue growth in the range of 4% to 7% and total revenue growth in the range of 3% to 4%, GAAP earnings from continuing operations before income taxes margins in the range of 13.8% to 14.4%, and Non-GAAP earnings from continuing operations before income taxes margins in the range of 15.1% to 15.7%. Anticipates GAAP diluted earnings per share from continuing operations in the range of $1.60 to $1.70, and Non-GAAP diluted earnings per share from continuing operations in the range of $1.76 to $1.86. Free cash flow is expected to be in the range of approximately $200 million to $250 million. Recurring revenue closed sales are expected to be in the range of $110 million to $150 million. The Non-GAAP earnings margins guidance range excludes the projected impact of Acquisition Amortization and Other Costs, and restructuring charges. The Non-GAAP pre-tax earnings margins and diluted earnings per share guidance ranges increased from the guidance it provided in August 2012 as a result of the exclusion of the impact of Acquisition Amortization and Other Costs which were not excluded in the guidance it provided in August 2012. The company announced restructuring and impairment charges of $3.8 million compared to $22.5 million a year ago.

Broadridge Financial Solutions, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share. The dividend is payable on July 1, 2013, to stockholders of record at the close of business on June 17, 2013.

Broadridge Financial Solutions, Inc. has launched its solution for SWIFT Global Electronic Trade Confirmation (GETC). The solution enables sell-side institutional brokers to optimize their service provision to institutional fund managers through a fully automated confirmation and affirmation process for trade allocations. It also enables brokers to maximize STP rates and streamline their own post-trade processing and settlement operations. the company's solution supports SWIFT GETC messages (MT515, MT509 and MT517) on a global basis, and provides operational control through full transparency of the message generation, flows and statuses. Upon receipt of the successful affirmation message (MT517), a SWIFT MT54X settlement message is released, allowing clients to efficiently manage and control their post-trade activities. The solution extends the range of confirmation-related market services already supported which includes Omgeo's Central Trade Manager (CTM) and OASYS Global, and SWIFT's Accord for Securities.