Xero revenue disappoints even as it goes for growth again

Xero revenue disappoints even as it goes for growth again
Xero chief executive Steve Vamos sees "big opportunities" ahead. (Image: supplied)
Jenny Ruth
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...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025