Broadridge's adjusted operating income margin contracted from 11.5% to 9.1%. Selling, general and administrative expenses as a percentage of revenues also contracted from 16.3% to 12.4% on a year-over-year basis. The company reported adjusted net income of $43.9 million or 36 cents per share, up from $39.6 million or 33 cents per share in the year-ago comparable period. Broadridge exited the quarter with cash and cash equivalents of $227.4 million compared with $727.7 million in the previous quarter. Long-term debt (including current portion) on the balance sheet totaled $1.125 billion.