The Xero Ltd share price has had a time over the past year, dropping by more than 60%, as the chart below shows.
Its international markets are growing strongly international revenue grew 47% to $1.4 billion or 25% on an organic basis excluding Melio.
The ASX tech share said that it expects operating revenue to be at least $3.6 billion and adjusted EBITDA to be at least $860 million, implying year-over-year growth of at least 30% and 13.6%, respectively.
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The Xero Ltd share price has had a time over the past year, dropping by more than 60%, as the chart below shows.
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The article, shortened and in plain language
The Xero Ltd share price has had a time over the past year, dropping by more than 60%, as the chart below shows.
The cloud accounting software provider has lost investor confidence, and its profitability isn't growing as it used to.
Xero said that Melio -related acquisition costs affected its profitability.
Its international markets are growing strongly international revenue grew 47% to $1.4 billion or 25% on an organic basis excluding Melio.
ANZ continues to see solid growth, with revenue rising 18% to $1.4 billion.
Average revenue per customer grew by 23% to $55.44, annualised monthly recurring revenue soared 37% to $3.27 billion and the total lifetime value of customers increased 17% to $21 billion.
The ASX tech share said that it expects operating revenue to be at least $3.6 billion and adjusted EBITDA to be at least $860 million, implying year-over-year growth of at least 30% and 13.6%, respectively.
Of those three analysts, the average price target is $108.53, suggesting a rise of 89% over the next year.
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