Paymentus Holdings Inc. (PAY) Tops Q1 EPS by 1c, Offers Guidance

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Go back to Paymentus Holdings Inc. (PAY) Tops Q1 EPS by 1c, Offers Guidance

Paymentus Reports First Quarter 2023 Financial Results

May 8, 2023 4:05 PM EDT

Quarterly Revenue increased 27.1% year-over-year
Adjusted EBITDA increased 56.4% year-over-year

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Paymentus Holdings, Inc. (Paymentus) (NYSE: PAY), a leading provider of cloud-based bill payment technology and solutions, today announced its unaudited financial results for first quarter of 2023.

"Paymentus delivered another strong quarter, with revenue up 27.1% year over year and Adjusted EBITDA up 56.4% year-over-year. Robust bookings resulted in a solid backlog at quarter end, which we believe demonstrates continuing competitive market momentum and growth visibility, said Dushyant Sharma, Founder and CEO.

Q1 2023 Financial and Business... More