'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...

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 }}