Xero lifts full-year revenue to $1.7B
Full story: https://grafa.com/en/news/australia/xero-lifts-full-year-revenue-to-1-7b
Key points
-
Xero reported $1.7 billion in first-half revenue alongside an upgraded full-year outlook and a new share buy-back program.
-
The board approved an on-market share buy-back program of up to $1 billion over the next 12 months.
-
Growth was driven by customer additions, higher average revenue per user, and expanding multi-product adoption across core global markets.
Xero (ASX:XRO) grew first-half fiscal 2027 revenue by 46% to $1.7 billion and announced a share buyback.
Adjusted earnings before interest, taxes, depreciation, and amortisation rose 3% to $362 million compared to the previous period.
“Our H1 FY27 results show we’re continuing to do what we said we’d do, delivering strong macro-resilient growth at scale,” said Xero CEO Sukhinder Singh Cassidy.
The board approved an on-market share buy-back program of up to $1 billion over the next 12 months.
Following the announcement the Xero share price was unchanged at $70.86.
The software firm attributed revenue performance to subscriber additions and higher average revenue per user across Australia, the UK, and the US.
The business continues to execute its multi-year strategy to scale cloud accounting products and broaden its global software platform.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
