Xero Limited (AU:XRO) has released an update.
Xero Limited reported a robust financial performance for FY24, with a 22% increase in operating revenue to $1.7 billion, and delivering on the Rule of 40 with profitability and growth. Adjusted EBITDA soared by 75% to $526.5 million, and free cash flow margin improved significantly to 20%. CEO Sukhinder Singh Cassidy highlighted the company’s commitment to balancing growth and profitability through strategic capital allocation and product development.
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