Xero reports positive free cash flow for 2019, loses $27.1M

Xero reports positive free cash flow for 2019, loses $27.1M
Jenny Ruth
By Jenny Ruth May 16 (BusinessDesk) - Accounting software company Xero widened its annual loss while growing operating revenue 36 percent and subscriber numbers by 31 percent. Xero reported a $27.1 million net loss for the 12 months ended March, up from the previous year’s $24.9 million loss, but said it made a profit of $1.4 million in the second half. It also had positive free cash inflow for the first time of $6.45 million, 1.2 percent of revenue, in the year compared with a $28.5 million outflow the previous year. “A number of f...

More Markets

ASB, IAG legal payouts prompt differing verdicts
Markets

ASB, IAG legal payouts prompt differing verdicts

ASB flagged the class action as a contingent liability.

Dairy prices fall for fourth straight auction, whole milk powder down 2.3%
Primary Sector

Dairy prices fall for fourth straight auction, whole milk powder down 2.3%

Prices have slipped again in the latest Global Dairy Trade auction, held overnight on Tuesday, with a 1.6% dip across the board.This was the fourth consecutive decline, following a 0.8% slide at the previous auction, a 4.3% decrease before that, and a 0.3% drop on Aug 19.Whole mi...

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

NZ sharemarket up 0.3% despite business confidence drop
Markets Market Close

NZ sharemarket up 0.3% despite business confidence drop

The S&P/NZX 50 Index closed at 13,531.29, up 42.05 points or 0.31%.

Graham Skellern 07 Oct 2025