Xero first-half profit crashes to $18.6m, but it lifts outlook and announces A$1 billion buyback

🌐 New Zealand Herald (NZ) —
Xero first-half profit crashes to $18.6m, but it lifts outlook and announces A$1 billion buyback

AI Summary

Accounting software company Xero reported first-half profit of A$18.6 million, while revenue rose 46% to A$1.745 billion. Despite lower growth in New Zealand than in other markets, it raised its outlook and announced a A$1 billion share buyback.

Revenue rose 46% to $1.745b in the half, but NZ growth was lower than in other regions.

Markets Deals AI & Tech Xero profit revenue growth outlook share buyback accounting software New Zealand

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