'A heartbeat of change': Xero's Sukhinder Singh Cassidy reflects on her first year

Xero chief executive Sukhinder Singh Cassidy says its plan changes make it easier for new customers to choose. (Image: Xero)

Rebecca Stevenson

Fri, 24 May 2024

Xero chief executive Sukhinder Singh Cassidy says she's not yet satisfied with the company's performance.The Wellington-founded firm has reported its full-year result to the end of March, with revenue rising 22% year-on-year to $1.7 billion, bang on analysts' expectations. Free cash flow increased to $342.1 million with a free cash flow margin of 20%, improving from 7.3% in the prior period.This meant the Australian stock exchange-listed firm delivered a rule-of-40 outcome of 41%, well ahead of expectations. Anal...

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