Xero Likely to Step Up Investment Over Second Half -- Market Talk

Dow Jones

Nov 14, 2024

2305 GMT - Xero is likely to enhance its investment into growth areas after its better-than-expected cost performance over its fiscal first half, UBS analyst say in a note. They tell clients that the U.S. could be a focus for investment after the cloud-accounting software provider's six-month operating expenses came in at 71.2% of operating income. Xero is still guiding for a full-year ratio of 73%, they say. The Australia-listed company's cost control and free-cashflow generation are seen as the highlights of its fiscal first half, with strong pricing power another positive. UBS has a buy rating and A$175.00 target price on the stock, which is at A$161.55 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 13, 2024 18:06 ET (23:06 GMT)

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They tell clients that the U.S. could be a focus for investment after the cloud-accounting software provider's six-month operating expenses came in at 71.2% of operating income. Xero is still guiding for a full-year ratio of 73%, they say. The Australia-listed company's cost control and free-cashflow generation are seen as the highlights of its fiscal first half, with strong pricing power another positive. UBS has a buy rating and A$175.00 target price on the stock, which is at A$161.55 ahead of the open. 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They tell clients that the U.S. could be a focus for investment after the cloud-accounting software provider's six-month operating expenses came in at 71.2% of operating income. Xero is still guiding for a full-year ratio of 73%, they say. The Australia-listed company's cost control and free-cashflow generation are seen as the highlights of its fiscal first half, with strong pricing power another positive. UBS has a buy rating and A$175.00 target price on the stock, which is at A$161.55 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 13, 2024 18:06 ET (23:06 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483615388","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483615388","pubTimestamp":1731539160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2305 GMT - Xero is likely to enhance its investment into growth areas after its better-than-expected cost performance over its fiscal first half, UBS analyst say in a note. 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They tell clients that the U.S. could be a focus for investment after the cloud-accounting software provider's six-month operating expenses came in at 71.2% of operating income. Xero is still guiding for a full-year ratio of 73%, they say. The Australia-listed company's cost control and free-cashflow generation are seen as the highlights of its fiscal first half, with strong pricing power another positive. UBS has a buy rating and A$175.00 target price on the stock, which is at A$161.55 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 18:06 ET (23:06 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}