Xero Limited (XRO) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.402 -- 00:00:04.509 Good morning from Sydney, Australia. Thank you for joining our investor briefing today 00:00:04.509 -- 00:00:09.758 covering Xero's financial and operating results for the full year ending March 31st, 00:00:09.758 -- 00:00:11.280 2024. 00:00:11.280 -- 00:00:15.624 I'm Sikindras Nkasti and I'm here with Kirstie, our CFO. 00:00:20.616 -- 00:00:25.324 Moving to our results. Our first agenda item is a summary of Xero's performance during 00:00:25.324 -- 00:00:30.117 the full year. I'll then pass to Christy to cover our financial results in detail before 00:00:30.117 -- 00:00:33.841 I finish with strategic priorities and Xero's outlook. 00:00:33.841 -- 00:00:36.982 And after that, we'll move to Q&A. 00:00:37.886 -- 00:00:42.289 So, moving to a summary of our results on slide five. 00:00:43.152 -- 00:00:47.337 We're really proud of this result, and in particular, it shows you we are capable of 00:00:47.337 -- 00:00:52.343 executing towards our future aspirations. You'll see that Xero has continued its track 00:00:52.343 -- 00:00:57.038 record of strong revenue growth, and at the same time, we have delivered a meaningful 00:00:57.038 -- 00:01:02.827 increase in profitability, and that's led to us achieving a rule of 40 outcome. 00:01:02.827 -- 00:01:06.993 I'm going to touch on the key metrics here, and Christy will discuss them in more detail 00:01:06.993 -- 00:01:08.595 later. 00:01:08.595 -- 00:01:11.817 Revenue grew 22% to $1.714 00:01:12.782 -- 00:01:17.188 million, or 21% on constant currency terms. 00:01:17.188 -- 00:01:22.316 Adjustability of $527 million is up $225 00:01:22.316 -- 00:01:27.557 million, or 75% over last year. Together, the strong operating 00:01:27.557 -- 00:01:32.562 results and improved free cash flow generation...