Shares in Xero jumped 9 per cent on Thursday after US-based chief executive Sukhinder Singh Cassidy’s year of “foundational change” delivered better-than-expected profits alongside strong revenue growth.
Shortly after stepping into the chief executive role 15 months ago, Ms Singh Cassidy embarked on a restructuring program that cut 750 roles, sold off non-core businesses like Waddle and pushed through price increases.
Loading...
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
