Accounting software firm Xero said revenue rose 31 percent to $2.75 billion, driven by strong customer growth and accelerating expansion in the US.
14 May 2026
Xero reports record full‑year revenue, despite fall of net profit
12:36 pm on 14 May 2026
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Xero said the deal weighed on statutory profit as the company moved from a net cash to a net debt position. Photo: RNZ
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Productivity per employee fell to $9168.90, down from $9389.30 in the prior quarter.
The result comes amid a restructuring plan that will cut jobs across the business.
New cash pooling arrangement introduced.
