Pushpay shares hit record as growth story continues

Wed, 06 May 2020

Pushpay Holdings shares jumped to a record after the company said it expects its rapid pace of growth to continue as covid-19 restrictions see more American churchgoers turn to its digital platform to participate in worship.Earnings before interest, tax, depreciation, amortisation and foreign currency movements rose to US$25.1 million in the 12 months ended March 31 from US$1.6 million a year earlier. Revenue was up 33 percent at US$127.5 million and gross margin widened to 65 percent from 60 percent.That pace of growth is expected to acce...

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