The acquisition of AdvisorTarget for $34.3 million in cash plus potential contingent consideration demonstrates Broadridge's strategy of expanding its capabilities through strategic acquisitions. This acquisition is expected to enhance Broadridge's data and analytics offerings.

Recurring revenues account for $4,222.6 million of the total revenue, which is a key performance indicator for Broadridge. The company is focused on growing recurring revenues through net new business and internal growth, which provides a stable revenue base.

The announced acquisition of Kyndryl SIS for approximately $200 million highlights Broadridge's commitment to expanding its global reach and product offerings in the Canadian financial services market. This acquisition is expected to enhance Broadridge's wealth management and capital markets solutions.

Broadridge initiated a corporate restructuring initiative to streamline management, reallocate work, and reduce headcount. While this resulted in restructuring costs of $63.0 million, it is expected to improve long-term operational efficiency.

Client satisfaction is a component of every full-time Broadridge associate's compensation, underscoring the company's commitment to client-centricity. This focus is expected to drive client retention and revenue growth.

The company continues to invest in technology and innovation, including AI and blockchain, to deliver next-generation solutions. This focus on emerging technologies is expected to drive future growth and efficiency gains.

The company acknowledges the ongoing threat of cybersecurity incidents and the potential for unauthorized access to sensitive data. Failure to maintain an adequate information security program could result in financial losses, client loss, and reputational damage.

Broadridge's business is subject to complex laws and regulations, and changes in these regulations could require changes to services, increase costs, or reduce demand. Compliance with these regulations requires ongoing investment and could impact profitability.

Consolidation among Broadridge's clients could reduce the number of clients and potential clients, leading to a loss of business and reduced revenues. The company acknowledges the risk of clients merging with firms that use fewer of its services.

The company acknowledges the competitive nature of its industry, facing competition from in-house operations, vendors providing trade processing, back-office record keeping, and sell-side order and execution management systems.

Broadridge's technology and associates power the critical infrastructure and services behind investing, investment governance, and investor communications. Broadridge makes our clients stronger, and through them, we enable better financial lives for investors around the globe.

Our growth platforms address mission-critical client needs as described below. Through our integrated solutions and scalable infrastructure, we believe we are best positioned to serve them.

The Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company's management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas.

Our SaaS offerings allow our clients to mutualize key functions and thereby reduce their costs. All of this translates into our core value proposition to be a trusted provider of technology and services across a range of analytical, operational, and reporting functions.

We continually upgrade, enhance, and expand our existing products and services, taking into account input from clients, industry-wide initiatives and regulatory changes affecting our clients.

Across financial services, the pace of change is only accelerating. Our clients understand that next-generation technology is a key driving force for change and efficiency and there is a need among our client base to leverage this technology to address their critical business challenges.

Our multi-pronged approach to AI looks to launch next-generation capabilities while considering the protection of our clients' and Broadridge's data privacy and intellectual property.

Broadridge's technology strategy is designed to provide high levels of availability, scalability, reliability, and flexibility, leveraging a hybrid model consisting of private and public cloud services as well as traditional data center services.

The company increased its quarterly cash dividend by $0.08 per share to $0.88 per share, an increase in our expected annual dividend amount from $3.20 to $3.52 per share.

During the fiscal quarter ended June 30, 2024, the Company repurchased 1,503,778 shares of common stock at an average price of $199.52 under its share repurchase program.

Capital expenditures and Software purchases and capitalized internal use software for 2024 was $113.0 million.

We believe there is a direct connection between associate engagement and the satisfaction of our clients and the creation of stockholder value so we regularly conduct surveys to assess associate engagement and determine if and how perspectives have changed over time.

We are dedicated to fostering a diverse, equitable, inclusive, and healthy environment. As a leading provider of technology, communications, and data and analytics solutions to businesses around the world, we must understand, embrace and operate in a multicultural environment.

We are committed to providing a safe workplace. We continuously strive to meet or exceed all laws, regulations, and accepted practices pertaining to workplace safety.

We generate significant revenues from the transaction processing fees we earn from our services. These revenue sources are substantially dependent on the levels of participation and activity in the securities markets.

As a multinational company, our operations and our ability to deliver our services to our clients could be adversely impacted by general global economic and political conditions.

The global financial services industry is characterized by increasingly complex and integrated infrastructures and products, new and changing business models and rapid technological and regulatory changes.