Corcentric Reports First Quarter 2022 Financial Results
NEW YORK and CHERRY HILL, N.J., July 21, 2022 (GLOBE NEWSWIRE) -- Corcentric, a leading global provider of payments, procurement, accounts payable, and accounts receivable solutions to enterprise and middle-market companies, today reported financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights: Total revenues increased 12.0% year-over-year to $40.8 million, compared to $36.5 million in the prior year period.Payments, software, and advisory revenue (excluding equipment sales) increased 20.5% year-over-year to $30.1 million, compared to $25.0 million in the prior year period.Gross profit increased 44.0% year-over-year to $17.6 mill
