PayGroup (ASX:PYG) delivers a strong quarter of growth

• Human capital management and payroll provider PayGroup (PYG) has delivered another strong quarter of growth despite pandemic headwinds
• The company enjoyed a 10 per cent growth in operating cash flow surplus, up to $1.1 million from $1 million
• The company has also delivered $5.4 million in contract wins over the last two quarters, almost eclipsing the $5.5 million delivered through the entire prior year
• Quarterly cash receipts of $4.2 million were almost double the figure delivered in the same period last year
• After a $3.5 million capital raise, the company has $5.3 million in the bank to fund the next phase of growth initiatives and capitalise on the economic rebound

Read the full article on The Market Herald here.