Franklin Resources managed to deliver a slight increase in profits for its fiscal fourth quarter ended Sept. 30. Profits rose 1.5% to $372.9 million, or $1.65 a share, from $367.4 million, or $1.59 a share, in the fourth quarter of fiscal 2009.
Revenue jumped 23% to $1.53 billion, which Franklin CEO Greg Johnson attributed to “strong global sales [that] led to long-term net new flow, combined with continued strong investment performance and the rebound in equity markets.”
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