04:21 AM EDT, 05/07/2024 (MT Newswires) -- Paymentus Holdings ( PAY ) reported Q1 non-GAAP earnings late Monday of $0.10 per diluted share, up from $0.04 a year a earlier.

Analysts polled by Capital IQ expected $0.08.

Revenue for the quarter ended March 31 was $184.9 million, up from $148.3 million a year earlier.

Analysts surveyed by Capital IQ expected $169.9 million.

For Q2, the cloud-based bill payment systems provider expects revenue of $178 million to $183 million. Analysts surveyed by Capital IQ expect $180.9 million.

For 2024, the company raised its revenue projections to $737 million to $755 million, from its previous guidance of $720 million to $744 million. Analysts surveyed by Capital IQ expect $744.8 million.

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