Reports Q1 revenue $198.6M, consensus $185M. Q1 EPS included after-tax charges of $3.2M, or 10c per diluted share, primarily related to restructuring, impairment and other charges, net partially offset by a net realized gain on the sale of an investment in an equity security. "We are pleased with our consolidated results for the Q1, in light of ongoing macroeconomic headwinds negatively impacting our transactionally-driven offerings. Total software solutions net sales increased 0.4%, or 3.7% on an organic basis, compared to the first quarter of 2022, driven by the positive momentum in our recurring compliance software products, which grew approximately 5% organically. Venue net sales were down 0.9% from last year’s first quarter, once again outpacing the trend in capital markets transactional sales. Total software solutions net sales made up 35.3% of first-quarter net sales, an increase of 220 basis points from last year’s first-quarter sales mix and positions us well to achieve our long-term goal of deriving 55% to 60% of revenue from software by 2026," said Daniel N. Leib, DFIN‘s president and CEO.
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