Xero Raises Annual Revenue Guidance and Plans A$1 Billion Buyback
Xero raised its annual revenue and profit guidance and said it aims to buy back up to A$1 billion of shares over the next 12 months.
By David WinningSYDNEY--Accounting software provider Xero raised its annual guidance for revenue and profits, and said it aims to buy back shares worth up to 1 billion Australian dollars (US$690 million) over the next 12 months.Xero said it now expects operating revenue of between 3.77 billion New…