Tag Archives: Xero

New Zealand shares rose as Fisher & Paykel Healthcare benefited from a rival’s record earnings and investors pushed up market leaders Fletcher Building, Chorus and Telecom. The NZX Index rose 37.124 points, or 0.8 percent, to 4582.891. Within the index, 22 stocks rose, 12 fell and 16 were unchanged. Turnover was $100.9 million. F&P Healthcare rose 2.6 percent to $3.62 …

Xero, the cloud-based accounting software firm, added 36,000 customers since the end of March and is predicting an 80 percent pickup in annual sales as it continues its drive for global growth, which will widen the loss at the end of the year. Chief executive Rod Drury told shareholders in Wellington today the company has 193,000 customers, that’s up from …

Xero, the cloud-based accounting firm, burned through more cash last quarter as the company’s rapid expansion saw wages, advertising and marketing payments run ahead of sales. The Wellington-based company’s cash flow statement shows it was sitting on $68.8 million of cash as at June 30, down $9.4 million from three months earlier. It used $6.57 million in the first quarter …

Xero, the cloud-based accounting company, says it is complying with NZX continuous disclosure rules and a 23 percent slump in its shares in the past six days may reflect volatility as a result of a tightly held register. Xero is the second NZX-listed tech company in as many days to get a ‘please explain’ notice from NZX regulators following a …

Xero, the cloud-based accounting software firm, has doubled its market capitalisation in just four months, rising above $2 billion today, having still to turn a profit. The shares rose 3.9 percent to $17.40 on turnover of some $935,000, valuing the company at $2.04 billion and adding to its 120 percent jump this year. That makes it the 11th biggest company …

Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, having more than tripled in the past 12 months. The Wellington-based company’s shares rose 0.7 percent today to $14.10, passing the port company, whose stock fell 2.7 percent to $13.90 in afternoon trading. That …

Xero chairman Sam Knowles and chief operating officer Alastair Grigg cashed in some of their shares, which have more than tripled in price in the past 12 months, after a ‘black-out’ period ended when the accounting software-developer reported its annual result last week. Notices lodged with the stock exchange show Knowles, who was the founding chief executive of Kiwibank, sold …

Xero, the cloud-based computing company whose shares have more than tripled in the past 12 months, isn’t yet large enough to consider a US listing, says founder and chief executive Rod Drury. The shares dipped from Friday’s record high. “A US listing is certainly something a business with global aspirations would consider,” Drury said in a statement. “We have been …

Xero, Wellington-based cloud accounting software firm, has become New Zealand’s latest billion dollar company after its shares climbed to a new record today. The stock rose 5.7 percent to $8.60, giving the software developer a market capitalisation of $1.01 billion and putting Xero in the company of 17 other local issuers on the stock exchange. That’s about 21 times Xero’s …