Xero revenue disappoints even as it goes for growth again

Xero revenue disappoints even as it goes for growth again
Xero chief executive Steve Vamos sees "big opportunities" ahead. (Image: supplied)
Jenny Ruth
The market was disappointed by Xero's first-half results because analysts had expected faster revenue growth than the 23% the company reported.They had been hoping for about 26% and actually, Xero did achieve that before the impact of adverse currency movements.For example, the average NZ dollar/US dollar exchange rate in the latest six months was 70.8 US cents, up from 64c in the same six months a year earlier.Xero shares fell as much as 8.1% to $135.29 on ASX after the results were announced.But the results did show the accounting softwar...

More Markets

F&P Healthcare FY25 guidance to be in the spotlight
Markets

F&P Healthcare FY25 guidance to be in the spotlight

Analysts are upbeat about FY25 revenue potential. 

Rua Gold gets exploration green light
Markets

Rua Gold gets exploration green light

The company hopes to begin exploration drilling in Coromandel by the year's end.

The Madness of Crowds…
Markets

Simon Robertson: The Madness of Crowds…

It's a lot of fun to go down rabbit holes and get your head around new businesses. 

Simon Robertson 25 May 2024
Dimming faith in interest rate cuts give NZ market the jitters
Markets Market close

Dimming faith in interest rate cuts give NZ market the jitters

Small slip in NZ follows sharp fall on Wall Street.

Graham Skellern 24 May 2024