Xero subscriber growth slows

Xero chief executive Sukhinder Singh Cassidy announced jobs losses in March. (Image: Xero)

Thu, 09 Nov 2023

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...

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