Xero revenue disappoints even as it goes for growth again

Xero chief executive Steve Vamos sees "big opportunities" ahead. (Image: supplied)

Fri, 12 Nov 2021

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...

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