Harshita Rawat
Bernstein Institutional Services LLC, Research Division
So Tim, why don’t we start with an overview of Broadridge for those less familiar with your story?
Timothy Gokey
CEO, Executive Officer & Executive Director
Yes. And I’m not sure that with this group, maybe people are more familiar, but it’s an exciting time to be talking about it because there is actually so much change going on with a pro-innovation regulatory agenda with all the technology change. And one of the things that we really do is neutralize the cost and effort of change. And so it’s a real opportunity for us to drive innovation at scale for our industry.
We’re a technology company, just under $5 billion recurring revenue last 12 months. If you look at our sort of segment focus, it’s all in financial services, capital markets, asset management, wealth management funds, also serving corporate issuers. And the core thing that we do is taking functions that are difficult, that are critical, often that are regulated, but that lots of people have to do the same thing and help neutralize that to be able to do it better and more cost effectively.
Same thing with change. When there’s industry-level change, we can really help people address that by doing it once on behalf of
