Nov 5 (Reuters) - Fintech firm Broadridge Financial

beat Wall Street estimates for first-quarter profit on

Tuesday, helped by resilient demand in its global technology

business.

WHY IT'S IMPORTANT

Broadridge provides investor communications and

technology-driven services to banks, broker-dealers, asset

managers and corporate issuers.

A highly anticipated interest rate cut and a healthy economy

boosted clients' confidence, fueling demand for services that

strengthen their digital infrastructure and helping companies

such as Broadridge.

CONTEXT

The company's two mainstay businesses are investor

communication solutions, which accounts for the majority of its

revenue, and global technology and operations.

Investor communication solutions engages in distribution of

proxy materials and other corporate communications.

The global technology and operations unit offers products

including desktop productivity tools, portfolio management, cash

management, clearance and settlement.

KEY QUOTE

"We are raising our fiscal year 2025 outlook for recurring

revenue growth to 6%-8%, reflecting strong organic growth and

our recently closed acquisition of SIS," said CEO Tim Gokey.

The company previously forecast 5% to 7% growth.

BY THE NUMBERS

Broadridge posted adjusted earnings per share of $1 for the

three months ended Sept. 30, compared with analysts' average

estimate of 97 cents, according to data compiled by LSEG.

The Lake Success, New York-based company's global technology

and operations unit recorded revenue of $407.2 million in the

quarter, up from $402.4 million a year ago.

Revenue at its investor communication solutions business

fell nearly 1% to $1.02 billion.

The company's total revenue fell 1% to $1.42 billion.