Xero Fiscal H1 Adjusted Earnings Down, Revenue Up

MT Newswires Live11-12 05:35

Xero (ASX:XRO) logged NZ$0.48 in adjusted earnings per share for the fiscal first half, compared with NZ$0.77 a year ago, a Thursday filing showed.

For the six months ended Sept. 30, total operating revenue was NZ$1.75 billion versus NZ$1.19 billion previously, the Australia-listed cloud-accounting software provider added. Analysts surveyed by FactSet expected NZ$1.73 billion.

The company raised its fiscal 2027 outlook, projecting operating revenue of NZ$3.77 billion to NZ$3.83 billion, up from its previous guidance of NZ$3.62 billion to NZ$3.73 billion. Analysts polled by FactSet expect revenue of NZ$3.68 billion.

In addition, adjusted earnings before interest, taxes, depreciation, and amortization is expected to range between NZ$880 million and NZ$920 million, compared with the earlier forecast of NZ$860 million to NZ$920 million.

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