Xero’s revenues rose while full-year profits fell as it integrates Melio, amid an apologised technical outage and founder allegations.
3 mins to read Melio acquisition weighs on Xero profits but revenues surge The results come after a difficult week for the company, which is dealing with allegations against founder Sir Rod Drury.. Xero chief executive Sukhinder Singh Cassidy sent an email to customers this week apologising for a technical outage.. Lachlan Colquhoun Thu, 14 May 2026 © All content copyright NBR.. Do not reproduce in any form without permission, even if you have a
paid subscription.. Revenues have surged but full year profits have plunged at ASX-listed accounting software provider Xero as the company continues to integrate its US payments acquisition Melio.. The New Zealand-founded company today reported its earnings for the 12 months to the end of March, with a 27% fall in net Want to read more?. It’s easy.. Choose your subscription Already have an account?. Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription
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any form without permission, even if you have a paid subscription.. Sukhinder Singh Cassidy SaaSpocalypse Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day.. Related News General Business Rod Drury removed from Business Hall of Fame website Is the ‘SaaSpocalypse’ an extinction event for tech vendors?. General Business Xero founder and venture philanthropist Rod Drury knighted Investment Xero delivers strong first half, awaits impact
of Melio deal The NBR Podcast Podcast #73: The Xero CEO and the Blue Church Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day.. Related News General Business Rod Drury removed from Business Hall of Fame website Is the ‘SaaSpocalypse’ an extinction event for tech vendors?. General Business Xero founder and venture philanthropist Rod Drury knighted Investment Xero delivers strong first half, awaits impact
of Melio deal The NBR Podcast Podcast #73: The Xero CEO and the Blue Church
Xero, Melio acquisition, ASX results, accounting software, payments integration, technical outage, Rod Drury allegations