The Pushpay Holdings Ltd (ASX: PPH) share price climbed 2.5% to $3.72 this afternoon. The digital tithes business has upgraded its guidance for the financial year ending 31 March 2020 EBITDAF to come in between US$18.5 million to US$20.5 million, on operating revenue between US$122.5 million to US$125.5 million.
This compares to prior guidance for EBITDAF to come in between US$17.5 million and US$19.5 million, so we can see that there's still a chance the group's final result will be within its original guidance, which probably explains the soft share price response to today's news.
The company also increased its total processing volume guidance for FY20, lifting it from between US$4.6 billion to US$4.8 billion to between US$4.8 billion to US$5 billion. Guidance for gross margins to come in over 63% for the year was also maintained.
