Pushpay near doubles annual net profit to US$31m

Chief executive Molly Matthews says Pushpay's results reflect its innovative products and dedicated staff.

Wed, 12 May 2021

Pushpay Holdings said its annual net profit nearly doubled as revenue grew much faster than costs and margins fattened.The company, which provides church management technology that includes facilitating donations, said net profit for the year ended March rose to US$31.2 million (NZ$42.9m) from US$16m the previous year.Revenue grew 39% to US$181.1m while costs rose just 9% and gross margin swelled to 68% of sales from 65%.Pushpay also announced that former chair Bruce Gordon will leave the board after seven years, including 18 months as interim...

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