Underwhelming sales dominate Broadridge earnings call

The company’s Q4 call also hinted at developments in its use of AI in fixed income markets.

Financial technology provider Broadridge has fallen short of sales targets for the 2023 financial year, closing $246 million in new sales, down 12% from the previous year.

In the company’s Q4 earnings call, CEO Tim Gokey listed a number of factors pushing financial institutions to shelve modernization projects, effectively dragging down European sales.

“Our financial services clients are dealing with fallout from the steepest rate increases in decades, a sharp slowdown in investment banking

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