Xero shares jumped 9.3 per cent to a record A$59.37 after it reported its first cashflow positive result and a maiden net profit in the second half - giving the company a market cap of A$8.4b ($8.86b).

Had it remained on the NZX, it would now be one of our 10 largest listed companies.

For its year to March 31, the ASX-listed, NZ-headquartered cloud-accounting company posted a net loss that expanded to $27.1 million from the year-ago $24.9m.

But beneath the headline loss were some numbers that got investors pumped.


Xero had positive free cash inflow for the first time