Pushpay ACMR revenue doubles to US$67.5M, shares climb to record

Tue, 10 Oct 2017

By Jonathan Underhill Oct. 11 (BusinessDesk) - Pushpay Holdings, a mobile payments app company, said its annualised committed monthly revenue (ACMR) has jumped 96.8 percent and reiterated its target to break even on a monthly cash-flow basis before the end of 2018. The stock rose 6.9 percent to a record. ACMR, a measure favoured by software as a service (SAAS) companies, rose to US$67.5 million in the quarter ended Sept. 30 from US$34.3 million a year earlier, the Auckland-based company said in a statement. Pushpay brought forward its tar...

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