New Zealand's Paysauce hits 7-week high on upbeat quarterly update

PaySauce

12/04/2023 03:27

** Shares of Paysauce Ltd  PYS.NZ  climb as much as 1.9% to
NZ$0.275, hitting their highest since Feb 22
    ** The payroll software provider posts 56% jump in quarterly
recurring revenue to NZ$1.63 mln ($1.01 mln)
    ** Says annualised recurring revenue up 50% YoY to NZ$6.7
mln, as at March 
    ** Shares post their biggest intraday pct gain since April 6
    ** Stock down 1.8% YTD, as of last close

($1 = 1.6142 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))