"Broadridge had a strong fourth quarter to cap off a very strong fiscal 2018. I am especially pleased by our success in Closed sales, as we delivered a record sales quarter and fiscal year," said Rich Daly, Broadridges Chief Executive Officer. "Broadridge also achieved 10% Adjusted Operating income growth for the full year while making investments in new products and technologies including artificial intelligence, blockchain, cloud, and digital. Adjusted EPS grew 34% in fiscal 2018, aided by our strong performance and lower tax rate."
"We expect fiscal 2019 to be another strong year as we build off the momentum of 2018. Our guidance calls for recurring fee revenue growth in the range of 5% to 7% and Adjusted EPS growth of 9% to 13%. With a robust pipeline, we expect Closed sales in the range of $185 million to $225 million. The combination of our strong fiscal 2018 and our outlook for 2019 has put Broadridge on track to achieve the three-year objectives laid out at our Investor Day last December."
"I am more confident than ever that Broadridge is well positioned to deliver future growth," Mr. Daly concluded.
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