Subscribe today - find out more
Why you should consider BusinessDesk
Markets

Xero subs, revenue up 23% in first half

Jenny Ruth
Thu, 11 Nov 2021

Xero subs, revenue up 23% in first half
Chief executive Steve Vamos said Xero will prioritise product development. (Image: supplied)
Jenny Ruth
Thu, 11 Nov 2021
Xero grew gross margin in its latest first half and subscriber numbers were up 23% but it returned to reporting a bottom-line loss.The accounting software company made a net loss of $5.9 million in the six months ended September, a turnaround from the previous first-half's $34.5m net profit.The year-earlier result reflected the adverse impact on the company's growth caused by the onset of the covid pandemic.Earnings before interest, tax, depreciation and amortisation eased 19% to $98.1m from $120.8m in the previous first-half. Its...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
Red light for Auckland, orange for South Island
Brent Melville | Mon, 29 Nov 2021

The government will move New Zealand to its traffic light framework from Friday with most of the country in either the red or orange levels.

Opinion
Taming the beast that's inflation
Cameron Bagrie | Mon, 29 Nov 2021

The RBNZ’s job is not going to be easy over the coming years. There are myriad forces at play and reading the tea leaves will be tough.  

Tourism
The cost of slow border openings to tourism: $39b by 2024
Brent Melville | Mon, 29 Nov 2021

The impact on New Zealand's tourism sector will continue to be felt until the country removes its border quarantine system, tourism operators say.

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

Sponsored
SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.