PPH -13.41%: the donation management company took a hit today after downgrading guidance at the half year result. Pushpay, which has developed software to manage donation payments, administration and engagement in the faith and non-profit sectors, saw total volumes bounce back in the second quarter to post 8% revenue growth for the half at $93.5m. While margins improved, Pushpay flagged higher than expected labour costs with wage pressures being felt, leading to a downgrade of FY EBITDAFI guidance to $US60-65m, around 6% below previous expectations.
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