Chief executive Sukhinder Singh Cassidy says Xero is focused on long-term value, but some shareholders are struggling to see an end to the turmoil.
Xero
ASX:XRO
The accounting software platform has teamed up with its would-be disruptor. Investors think other battered SaaS names could follow its lead.
A fresh wave of AI-driven anxiety has hammered US software stocks and spilled onto the ASX, as local tech firms scramble to convince investors their AI strategies can deliver real returns.
With its $4 billion Melio purchase, Xero is betting big on payments and the US market while stepping into territory where others have stumbled.
Xero’s $4 billion Melio deal is its boldest US play yet — and a high-stakes test of CEO Sukhinder Singh Cassidy’s strategy, salary and investor faith.
Sukhinder Singh Cassidy is on track to be the second highest paid CEO on the ASX this year behind Macquarie's Shemara Wikramanayake.
The tech company has denied it breached the Fair Work Act in a lawsuit against a software engineer who claims she was underpaid relative to male colleagues.
The tech company is accused of breaching the Fair Work Act in a lawsuit brought by a software engineer who alleges she received unequal pay compared with her male colleagues.
The market can be a lonely place at times, especially for an analyst with a contrarian call on a stock that just keeps rising.
With Altium set to peel off the local sharemarket, investors are looking hard for the next generation of Australian tech companies.
Software was eating the world. Now AI is eating software - including on the ASX.
