Broadridge Financial Solutions Inc at Evercore ISI Payments & FinTech Innovators Forum Transcript

Mar 06, 2020

Mar 05, 2020 / 07:00PM GMT
David Mark Togut - Evercore ISI Institutional Equities, Research Division - Senior MD

Delighted to welcome Jim Young, Chief Financial Officer of Broadridge to our Payments and Fintech Innovators Forum; and Edings Thibault, I think, is here somewhere in the crowd as well. And Elsa, who just joined the IR team. So Jim, welcome. Thanks so much for being here today.

James M. Young - Broadridge Financial Solutions, Inc. - Corporate Senior VP & CFO

Thanks for having us, David.

Questions and Answers:

David Mark Togut - Evercore ISI Institutional Equities, Research Division - Senior MD

So on the December 2019 quarter earnings call, you guided to the low end of your 8% to 12% EPS growth range for FY '20. You called out a 20% to 30% expected decline in event-driven revenue and a reduction in your organic recurring revenue growth forecast to 3% to 4% from 5% to 7% previously. So really 2 questions. Number one, do you see these mostly as sort of onetime or short-term issues? And then number two, you benefit from this

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