Xero's curate's egg first-half result cheered by investors

Fri, 08 Nov 2019

Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4 percent from A$67.50 on Wednesday, before easing to close at A$73.95. The shares are more than 82 percent higher than a year ago.The good bits in the accounting software company's results include the overall 30 percent rise in subscribers to 2.057 million, particularly the 51 percent rise in UK subscriber numbers to 536,000, the fact that it repor...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Opinion

Simon Robertson: Trump, typhoons, taxes and tariffs

When the typhoon is in force, make money.

Simon Robertson 5:00am

On the Money

On the Money: New Breakers investor’s new buy, Infratil and more

Victoria Young 5:00am

Travel

Oz man's top travel tips after 58-hour global trip

He was in hot pursuit of a Guinness World Record.

The Washington Post 5:00am

Oz man's top travel tips after 58-hour global trip

Sponsored

Bayleys Total Property Issue 3 out now

Backed by Bayleys’ national strength and global reach

Bayleys

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

More Finance

Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025