More than a Hail Mary: Pushpay must now ignite Catholic fervour

More than a Hail Mary: Pushpay must now ignite Catholic fervour
Shareholders hoping Pushpay would rapidly win new Catholic customers have had to tone down their expectations. (Image: supplied)
Dan Brunskill
Pushpay Holdings shares dropped 7.5% when the market opened this morning after its first-half result failed to meet analysts’ expectations in most key areas.The church software company’s revenue climbed 9% to US$93.5 million in the six months ended Sept 30 but this was shy of Forsyth Barr’s forecast for more than US$100m.Net profit increased US$5.7 million to US$19.1 million, up 43%, and underlying earnings rose to US$29.6m – another miss for some analysts who were expecting more than US$30m.Potentially more concerning t...

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