Pushpay Holdings Ltd (ASX: PPH) has just been voted as a leading technology business, is it the best?
Pushpay is a New Zealand based donation systems and software business for religious, not-for-profits and education providers in the US, Canada, Australia and New Zealand. Pushpay is used by over 7000 churches worldwide. The average gift is $192.
What Happened With Pushpay?
Accounting giant PwC New Zealand has named Pushpay as its Hi-Tech Company of the Year for 2019 for the second time.
The judges liked Pushpay’s combination of metrics and mission and applauded that a Kiwi company was working in with both technology and generosity.
Previous winners include Datacom, Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) and Xero Limited (ASX: XRO).
If Pushpay can be as successful as Fisher & Paykel and Xero then it would turn out very well.
Pushpay Chairman Graham Shaw said: “We have a team of extremely hard working, talented and dedicated people and I am proud to work alongside them.”
Pushpay is certainly one of the growth shares on the ASX to watch. In its recent result it reported total revenue grew 40% to US$98.4 million and net profit increased by 181% from a loss of $23.3 million to a profit of $18.8 million.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.