Technology

Xero shares hit record despite subscription growth slowing

The company reported a 50 per cent increase in operating earnings over the six months to June 30 and $900 million in revenue.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The boss of ASX-listed accounting software company Xero says she’s not worried its subscription growth in Australia is slowing after its share price hit an all-time high after its half-yearly results. Chief executive Sukhinder Singh Cassidy revealed the company increased its operating earnings by 50 per cent to $NZ311.

7 million over the six months to June 30 as total subscriptions increased by 6 per cent to 4.2 million. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe.

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