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 sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.