Paymentus Holdings, Inc. (PAY) reported a significant increase in profit for the second quarter, surpassing Wall Street projections.
The company's net income amounted to $9.4 million, or $0.07 per share, compared to $5.8 million, or $0.05 per share, in the same period last year.
On an adjusted basis, Paymentus reported earnings of $14.7 million, or $0.12 per share, for the quarter.
Analysts, on average, had projected earnings of $0.09 per share, according to data from Thomson Reuters, which typically excludes special items.
Revenue for the quarter grew by 32.6%, reaching $197.422 million, up from $148.939 million in the prior year's quarter.
### Paymentus Holdings, Inc. Q2 Earnings Summary (GAAP):
- **Net Income**: $9.4 million vs. $5.8 million last year.
- **Earnings Per Share (EPS)**: $0.07 vs. $0.05 last year.
- **Revenue**: $197.422 million vs. $148.939 million last year.
### Guidance:
- **Next Quarter Revenue Estimate**: $188-$193 million
- **Full Year Revenue Estimate**: $770-$780 million
