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Xero’s restructure bears fruit with 90% rise in earnings

Accounting software company welcomes further American expertise as it sizes up US market.

Xero CEO Sukhinder Singh Cassidy.

Will Mace Thu, 09 Nov 2023

Xero has reported a 90% increase in earnings for the first half of its 2024 financial year, having undertaken a restructuring under new CEO Sukhinder Singh Cassidy, which resulted in a 14% reduction in full-time equivalent employees.

Operating revenue in the six months to the end of September 2023

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Xero’s restructure bears fruit with 90% rise in earnings
Investment,
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