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PAYA: ERP GROWTH STRONG Featured

The B2b market produced strong growth in the third quarter ended September 30, Paya said during its recent earnings webcast.

“We have seen strong growth in our B2B partners, participially ERP,” CFO Glen Renzulli said. While that business segment produces lower margin, CEO Jeff Hack said that is not a concern. “We don’t manage to growth margin percentage,” he said during the webcast. The payments software company posted net income of $1.4 million, a swing from a loss of slightly less than $3 million in last year’s corresponding period. Revenue reached $71.4 million in the most recently completed period, up 13.2 percent from $63.1 million a year ago. Paya reported operating income of $6,5 million, a rise of 8.7 percent from slightly less than $6 million. Integrated Solutions, which includes the ERP business, reported revenue of $45.7 million, an increase of 15.3 percent from $39.3 million a year earlier.

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