Double-digit revenue growth for Xero in Australia and NZ

Xero chief executive officer Sukhinder Singh Cassidy says the half-year result reinforces Xero’s ability to deliver on its strategy. (Image: Xero)

Rebecca Stevenson

Thu, 14 Nov 2024

Cloud accounting software firm Xero reported a 51% increase in earnings for the six months to Sept 30. The New Zealand-headquartered tech company reported on Thursday that its operating revenue increased by 25% compared to the prior comparable period to $995.9 million.Earnings before interest, taxes, depreciation and amortisation were $311.7m for the period.Xero said excluding the removal of idle subscriptions, 186,000 subscribers were added in the first half of the 2025 financial year. The average revenue per user (Arpu) increas...

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