Pushpay reports record AMCR growth in first quarter, reiterates FY guidance

Tue, 11 Apr 2017

By Rebecca Howard April 12 (BusinessDesk) - Pushpay Holdings shares rose 3.7 percent to $1.96 after the mobile payments app developer announced record revenue growth in the first quarter and affirmed its full-year guidance. The company said annualised committed monthly revenue (ACMR) grew US$8.3 million in the March quarter to a record US$50.5 million, up 19.4 percent from three months earlier and a jump from the US$19.6 million it recorded in the first quarter last year. Its average revenue per customer (ARPC) jumped 44 percent from a y...

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