
Broker recommends offloading Xero shares
Broker Craigs Investment Partners has slapped a sell recommendation on Xero shares after initiating research of the online accounting software firm.
Broker Craigs Investment Partners has slapped a sell recommendation on Xero shares after initiating research of the online accounting software firm.
It was a tale of two technology companies yesterday as Eroad stock soared following the firm's NZX debut.
Tech blogger Juha Saarinen takes a look at rural broadband, the Black Hat hacking conference and he reviews the Nomadkey USB cable.
New Zealand shares fell, led by Xero, A2 Milk Co and Pacific Edge, joining a global sell-off as geopolitical risk spooked investors.
Spare a thought for whanau and friends over in Australia who are getting fresh Game of Thrones episodes via the Internet when they're not supposed to.
Xero has a decade of expansion ahead and the problem won't be finding areas for the accounting software maker to grow but choosing which of these to take, says chairman Chris Liddell.
My doubts as to whether Telecom's separation was for real vanished this week when the retail arm lashed out against Chorus.
Everyone knew layoffs were coming because the financial markets demanded blood, but few expected Microsoft to cut its workforce by a massive 18,000.
Xero’s Rod Drury wants one, Labour’s offering one, but National aren’t so keen on a taxpayer funded chief technology officer for New Zealand.
Debate has broken out on twitter after Labour said it will appoint a chief technology officer - something Xero boss Rod Drury has been advocating.
Barack Obama has one. So do many large companies, writes Rod Drury. The chief technology officer's role, for the US at least, is to apply technology to help create jobs, reduce the cost of health care.
Rod Drury, the boss of online accounting software firm Xero was in the city-state on the French Riviera this month for the EY World Entrepreneur of the Year Awards.
A rollercoaster morning has seen shares in accounting software firm, Xero, drop by almost ten per cent, before rebounding to a decline of just two per cent.
Accounting software company, Xero, have passed the $100 million revenue mark for the first time, in an announcement made this morning.
Kiwi cloud accounting firm Xero has topped a list of ‘‘most innovative growth companies’’ prepared by American business publication Forbes.
NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.
Shares in Xero climbed 11 percent after the accounting software developer said it slowed the pace of cash outflow in the first three months of the year.
New Zealand tech stocks led the local market higher in morning trade, snapping a two-day decline as investors returned to tech and biotech stocks.
Pacific Edge shares slumped to a five-month low and Xero plunged again as as the local stock market joined a global sell-off amid concerns high-growth companies may struggle to convert sales into profits.
Xero chief executive Rod Drury is "extremely confident" the market will return to technology stocks after the company's shares slumped to a four-month low.
Xero boss Rod Drury says the company's $210m of cash means it can ignore mounting concerns over tech stocks and continue to "drive its business".
Xero chief executive Rod Drury says the software maker's booming share price is a problem, but a 'quality problem.
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
New Zealand shares fell yesterday as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joined Hallenstein Glassons in issuing a profit warning.