Xero H1 Profit Falls, Raises FY27 Outlook and A$1B Buyback
Xero reported lower first-half fiscal 2027 profit despite higher revenue growth, raised its full-year outlook and announced an A$1 billion share buyback. Its CFO is to step down.
WELLINGTON (dpa-AFX) - Xero Ltd (XRO.AX, XROLF), a New Zealand-based cloud accounting software provider reported a decline in profit for the first half of fiscal 2027, despite higher revenue growth. Further, the firm raised its full year guidance.Separately, Xero also announced that Chief Financial…