Broadridge Financial (NYSE: BR) reported Q4 EPS of $1.17, $0.01 better than the analyst estimate of $1.16. Revenue for the quarter came in at $886 million versus the consensus estimate of $878.7 million.

Broadridge Financial sees FY2015 EPS of $2.42-$2.52, versus the consensus of $2.48.

In addition, on August 6, 2014, the Board authorized the repurchase of up to an additional 6.2 million shares of Broadridge common stock. The share repurchases will be made in the open market or privately negotiated transactions in compliance with applicable legal requirements and other factors. With this authorization, the Company currently has approximately 10 million shares available for repurchase under its stock repurchase program.

Richard J. Daly, President and Chief Executive Officer, commented, "The fourth quarter was successfully executed and enabled Broadridge to achieve another record year with 20% growth in Non-GAAP diluted EPS generated by Net New Business, favorable market conditions, and improved productivity. Client revenue retention remained at exceptional levels driven by the strength of our brand in our market. We continued to build our brand by executing on our growth strategy as we increased investments in the business, completed two tuck-in acquisitions, and introduced new solutions to address our clients' evolving business needs. The value of our solutions in the marketplace is reflected in our recurring revenue closed sales results which also reached a new high, headlined by an important closed sale with Fidelity Investments to provide investor communications outsourcing services. I am very pleased with our performance in fiscal year 2014 as we remain on our journey to consistently deliver top quartile stockholder returns."

Mr. Daly added, "Given our financial strength and confidence in the business, the Board has raised our annual dividend amount by approximately 29% to $1.08 per share, representing the seventh consecutive year of an increase in our dividend. Our strong Free cash flows allow us to continue to return capital to our stockholders while also investing in and growing our business."

Mr. Daly concluded, "Our record performance in fiscal year 2014 positions us for continued success and underscores our commitment to creating long term value for our stockholders. Our fiscal year 2015 guidance anticipates Non-GAAP diluted EPS to be in the range of $2.42 to $2.52 representing 8% to 12% growth over the prior year and recurring revenue growth of 5% to 7%, primarily driven by Net New Business. Our guidance range assumes a nominal contribution from the market-based activities which enhanced our growth in fiscal year 2014. Broadridge is now positioned to grow based on what we can control and not rely on the revenue from market-based activities to fuel our growth. Recurring revenue closed sales are expected to be in the range of $110 million to $150 million and we anticipate strong Free cash flows of approximately $350 million. Our guidance also reflects another year of increased investment in the business. Our position as an industry leader and our continued investments in value-added solutions increases our confidence in continuing to generate sustainable top quartile stockholder returns going forward."

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