Technology

Xero revenue disappoints even as it goes for growth again

Jenny Ruth
Fri, 12 Nov 2021

Xero revenue disappoints even as it goes for growth again

Xero chief executive Steve Vamos sees "big opportunities" ahead. (Image: supplied)

Jenny Ruth
Fri, 12 Nov 2021

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...

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Xero revenue disappoints even as it goes for growth again

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