Xero increases revenue and subscription numbers

Chief executive Sukhinder Singh Cassidy says the company has been resilient in the current climate. (Image: Xero)

Thu, 18 May 2023

Xero lifted its operating revenue by more than a quarter in the past financial year and added nearly half a million subscribers.The 28% increase took the online accounting software company's operating revenue to $1.39 billion. The addition of 470,000 new subscribers took the total to just over 3.74m.The Australian stock exchange-listed firm increased its operating income in the year to March 31 by 61% to $57.2m, posting a net loss of $113.5m.Meanwhile, its earnings before interest, tax, depreciation and amortisation (Ebitda) slipped by...

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