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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Xero Limited    XRO   NZXROE0001S2

XERO LIMITED

(XRO)
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Xero Warns of Coronavirus Impact Despite Swing to Fiscal Year Profit

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05/13/2020 | 04:26pm EDT

By Stuart Condie

SYDNEY--Xero Ltd. swung to a maiden 3.3 million New Zealand dollar (US$2 million) full-year profit, but warned coronavirus will weigh on its fiscal 2021 performance.

The Auckland-based cloud accounting software provider said Thursday that revenue for the 12 months through March rose by 30% to NZ$718.2 million, from NZ$552.8 million a year earlier. Xero made a NZ$27.1 million net loss in 2019.

Xero said it added 467,000 subscribers over the year for a total 2.285 million but warned Covid-19 reduced annualized monthly recurring revenue growth in March. It said the pandemic's impact will be reflected in its fiscal 2021 results and declined to give any outlook, although it does not anticipate significant changes to its long-term strategy.

Shares in ASX-listed Xero last traded at A$83.77, up 4.7% in 2020.

 

Write to Stuart Condie at stuart.condie@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -0.63% 84.27 End-of-day quote.7.47%
BYD COMPANY LIMITED 16.17% 89.8 End-of-day quote.131.15%
EURO / US DOLLAR (EUR/USD) -0.02% 1.13407 Delayed Quote.0.75%
XERO LIMITED -0.35% 92.85 End-of-day quote.16.06%
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Financials
Sales 2021 848 M 555 M 555 M
Net income 2021 38,6 M 25,2 M 25,2 M
Net cash 2021 125 M 81,7 M 81,7 M
P/E ratio 2021 367x
Yield 2021 -
Capitalization 13 976 M 9 196 M 9 143 M
EV / Sales 2020
EV / Sales 2021 16,3x
Nbr of Employees 3 055
Free-Float 81,3%
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Technical analysis trends XERO LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
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Sell
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Mean consensus HOLD
Number of Analysts 12
Average target price 79,94 NZD
Last Close Price 98,56 NZD
Spread / Highest target 0,90%
Spread / Average Target -18,9%
Spread / Lowest Target -49,8%
EPS Revisions
Managers
NameTitle
Steven Martin Vamos Chief Executive Officer
David Ingle Thodey Chairman
Kirsty Vanora Godfrey-Billy Chief Financial Officer
Mark Rees Chief Technology Officer
Andrew Craig Winkler Non-Executive Director
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