Xero hit record highs after profit surge, CEO Sukhinder Singh Cassidy stresses focus is on execution

Xero chief executive Sukhinder Singh Cassidy says the cloud accounting firm has expanded its ambition. (Image: Xero)

Tue, 19 Nov 2024

Xero chief executive Sukhinder Singh Cassidy says the cloud accounting firm must now deliver on what it has said it will do in the second half of the financial year. Xero announced a “solid” result for the six months to Sept 30 on Nov 14, including a 76% increase in profit, more than 50% increase in earnings and a 25% revenue rise. Xero shares hit a record high of more than A$172 (NZ$189) on the Australian Securities Exchange (ASX) after the first-half result. Barrenjoey analysts on Thursday issued an A$180 target pri...

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