Xero shares hit record despite subscription growth slowing

Amelia McGuireBusiness reporter

Nov 14, 2024 – 1.58pm

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The boss of ASX-listed accounting software company Xero says she’s not worried its subscription growth in Australia is slowing after its share price hit an all-time high after its half-yearly results.

Chief executive Sukhinder Singh Cassidy revealed the company increased its operating earnings by 50 per cent to $NZ311.7 million over the six months to June 30 as total subscriptions increased by 6 per cent to 4.2 million.

Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age.