Pushpay forecasts 60% full-year margin, 'substantial' net profit

Wed, 06 Feb 2019

By Gavin Evans Feb. 7 (BusinessDesk) - Digital church collection payment operator Pushpay said a strong December quarter performance should deliver a gross margin of more than 60 percent for the year ending March. The company, which had previously expected to beat the 60 percent measure for the second-half of the period, today reported a 35 percent increase in December quarter revenue to US$27.7 million. Total customers at Dec. 31 rose to 7,585, 5.5 percent more than a year earlier, and the company was cash flow positive and delivered...

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