Xero subscriber growth slows

Xero subscriber growth slows
Xero chief executive Sukhinder Singh Cassidy announced jobs losses in March. (Image: Xero)
Rebecca Stevenson
Xero has reported a revenue rise of 21% for the six months to Sept 30 of $799.5 million, but subscriber growth has slowed, with the cloud accounting company adding 204,000 new subscribers for the period.For the same period in the 2022 financial year, Xero added 225,000 subscribers. It had 3.95 million subscribers.The Australian securities exchange-listed company reported on Thursday morning a 90% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) of $206.1m and free cashflow of $106.7m. Its free c...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025