Xero (ASX:XRO) reported earnings of NZ$0.62 per share for the six months ended Sept. 30, up from NZ$0.35 per share a year ago, according to a Thursday filing with the Australian bourse.
Analysts polled by Visible Alpha expected NZ$0.73.
Net profit after tax surged 76% year on year to NZ$95.1 million from NZ$54.1 million. Analysts surveyed by Visible Alpha expected NZ$110.2 million.
Operating revenue rose 25% to NZ$995.9 million from NZ$799.5. Analysts polled by Visible Alpha expected NZ$994.6 million.
The number of subscribers rose 6% to roughly 4.2 million from about 3.9 million.
The software-as-a-service company expects total operating expenses as a percentage of revenue to be around 73% in fiscal 2025. Product design and development costs as a percentage of revenue are now expected to be broadly similar to fiscal 2024.
The company's shares were up more than 5% in recent Thursday trade and earlier hit an all-time high.
Price (AUD): $169.99, Change: $+8.44, Percent Change: +5.22%
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