PaySauce annualised revenue climbs 50% in hot labour market

Wed, 12 Apr 2023

PaySauce lifted annualised recurring revenue by 50% in the March year as the payroll software provider benefited from a hot labour market where a shortage of people and rampant inflation has driven up wages at their fastest pace on record. The New Zealand stock exchange-listed company said annualised recurring revenue – a key measure for software-as-a-service firms – climbed to $6.7 million in the year ended March 31 from $4.5m a year earlier. March quarter recurring revenue rose 56% to $1.6m, of which processing fees incr...

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