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  "documentTitle": "Broadridge Financial Solutions, Inc. (BR)",
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      "text": "Beginning with the first quarter of fiscal year 2022, the Company revised the foreign exchange rates used to present segment revenues and earnings (loss) before income taxes to further allocate the foreign exchange impact to the individual segment revenue and profit metrics.",
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      "text": "Spruce Point believes BR is retroactively reducing segment margins, notably in its Global Technology and Operations segment by approximately 80 - 90 basis points, with a reclassification involving foreign exchange allocation.",
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      "text": "Beginning with the first quarter of fiscal year 2022, the Company revised the foreign exchange rates used to present segment revenues and segment earnings (loss) before income taxes to further allocate the foreign exchange impact to the individual segment revenue and profit metrics. The presentation of segment revenues and earnings (loss) before income taxes for the prior periods provided in this Form 10-K has been changed to conform to the current period presentation. Total consolidated revenues and earnings before income taxes were not impacted — Broadridge Financial Solutions 10-K",
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