FX.co ★ Paymentus Holdings, Inc. Q4 Profit Increases, beats estimates

Paymentus Holdings, Inc. (PAY) announced an increased profit for its fourth quarter, surpassing the projected estimates from the previous year.

This quarter, the firm logged earnings of $9.4 million, equating to $0.08 per share, a substantial rise from last year's fourth quarter when the earnings were $1 million, or $0.01 per share.

When eliminating certain factors, the adjusted earnings of Paymentus Holdings, Inc. for this period was reported as $13.9 million or $0.11 per share.

The average analyst expectation, based on data gathered by Thomson Reuters, had predicted the company to earn $0.07 per share. It should be noted that these estimates typically do not include exceptional items.

As for the company's quarterly revenue, it witnessed a growth of 24.7%, climbing from $132.2 million last year to hit $164.8 million.

Here's a brief overview of Paymentus Holdings, Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):

- Fourth quarter earnings: $9.4 million, up from $1 million last year.

- Fourth quarter earnings per share: $0.08, as opposed to $0.01 from the same period last year.

- Fourth quarter revenue: $164.8 million, an increase from last year's $132.2 million.