Pushpay's 3rd quarter update confirms 2017 ACMR and breakeven target

Tue, 10 Jan 2017

By Sophie Boot Jan. 11 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, says its annualised committed monthly revenue (ACMR) grew US$8.4 million in the December quarter, including US$1.1 million it made from acquiring US church app business Bluebridge in November. The company's full third quarter update, which follows an earlier limited announcement on Monday, shows the company lifted ACMR - a favoured revenue measure for software-as-a-service companies - to US$42.3 million as of Dec. 31, up 25 percent from the end of...

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