Xero acquires South African analytics platform Syft for US$70 million
Global accounting software group Xero (ASX:XRO) will pay up to US$70 million (around AU$104 million) for South African cloud-based reporting and analytics platform Syft.
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Strong growth and profitability for Xero in FY24
Accounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group.
Read MoreInvestors vote on Xero’s results
Investors gave Xero's solid rebounding interim results a thumbs-down. This decline was much larger than the broader market.
Read MoreXero Shares Back in Triple Figures after Strong Result
The arrival of accounting software giant Xero’s 2022-23 annual results yesterday brought with it news that sent the shares back over the $100 mark.
Read MoreXero the Latest Techie to Feel the Pinch
NZ accounting software maker Xero has become the latest technology company to announce major staff cuts, telling investors on Thursday it would axe up to 800 roles around the world.
Read MoreMarket Punishes Xero to the Tune of 10%
Investors punished accounting software multinational Xero yesterday after it released mixed interim results which were topped by the surprise exit of CEO Steve Vamos.
Read MoreXRO – Morgans rates the stock as Add
Morgans initiates coverage on cloud-based accounting software platform Xero with an Add rating and target price of $90.25.
Read MoreXero Margin for Error in the Current Environment
Investors in software group Xero took out the axe with the long handle yesterday and gave the company’s shares a good whack after what they thought was a disappointing annual result.
Read MoreXRO – Macquarie rates the stock as Underperform
The $130 target price and Underperform rating are maintained.
Read MoreMarket Shows Xero Tolerance for Cost Creep
Shares in Xero Ltd fell more than 6% yesterday as the company reported a 19% dip in first half earnings and committed itself to continue spending heavily on expansion.
Read MoreXRO – Macquarie rates the stock as Underperform
The broker reviews its current multiples and finds it hard to justify the current valuation, downgrading to Underperform from Neutral. Target is $130.
Read MoreProfits Too Low for Xero in Nervy Market
Despite increasing profit, revenue and subscribers for the year to March, shares in accounting platform Xero got the rough treatment in Thursday’s trading session.
Read MoreXRO – Credit Suisse rates the stock as Upgrade to Outperform
Credit Suisse welcomes the recent Planday acquisition, believing the segment has attractive metrics which complement the existing business. Rating is upgraded to Outperform from Neutral and the target is raised to $136 from $119.
Read MoreXero Spreads its Sheets into Europe
Small business accounting group Xero has announced a $284 million takeover of Denmark-based employment management company Planday.
Read MoreZero-Coupon No Problem As Xero Upsizes Buyback
Xero shares might dropped sharply yesterday in the wake of news of a massive new fundraising, but that measure was actually a major vote of confidence in the rapidly growing software giant.
Read MoreXero Calculates More Growth But No Dividend
Still no dividend from the accounting platform group Xero, despite a surge in revenue and profits in the six months to September 30. Despite that and signs of a slowing growth rate in revenue and customers (but a surge in profits), the shares hit another all-time high yesterday.
Read MoreUS Election A Goldilocks Scenario For Financial Markets
While the official outcome of the US election remains unknown, the odds of a Biden win and a divided government are increasingly becoming the most likely outcome. This outcome is often seen as the ‘goldilocks scenario’ for financial markets.
Read MoreXRO – Macquarie rates the stock as Neutral
The company’s presentations have reinforced the various options for long-term growth. Macquarie expects investment will mirror the revenue outlook.
Read MoreCustomer Churn Concern For Xero
Xero was reluctant to provide guidance for FY21 in its results briefing, which has amplified concerns regarding new customer growth in the wake of the pandemic.
Read MoreXero Calculates Maiden Profit But Warns On COVID Hit
NZ based accounting platform Xero recorded its first full-year profit of $3.3 million for the 12 months to March 31 but warned of the growing impact of COVID-19 on its business in the new financial year.
Read MoreNo Profit, No Problem For Xero
New Zealand based but ASX-listed accounting software group, Xero continues to run up losses as it builds more sales and subscribers.
Read MoreXero Earnings Begin To Add Up
Accounting software company, Xero, which shifted its primary market listing to Australia recent says it has made its first positive earnings before interest, tax, depreciation and amortisation (but a bottom line loss nevertheless).
Read MoreXero Ditches Kiwi Exchange For ASX
Kiwi cloud accounting software group, Xero has stunned the New Zealand investment community by deciding to delist from the NZ stock exchange and rebase its primary listing on the ASX from early 2018.
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