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XRO - Xero News Story

A$138.9 2.1  1.5%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £10.95bn
Enterprise Value £10.91bn
Revenue £405.4m
Position in Universe 27th / 1893

BUZZ-Australia-listed Xero falls amid broader weakness in tech stocks

Thu 4th March, 2021 3:43am
** Shares of accounting software maker Xero Ltd  XRO.AX 
fall as much as 4% to A$114.2, their lowest since Feb 26
    ** The tech sub-index  .AXIJ  down as much as 2.5%, tracking
its U.S. peers with tech-havy Nasdaq  .IXIC  closing lower
overnight  urn:newsml:reuters.com:*:nL3N2L20NZ
    ** XRO acquired workforce management platform, Planday, for
183.5 mln euros ($221.15 mln)
    ** Co says that the transaction, integration and operating
costs of Planday are anticipated to negatively impact its FY22
EBITDA
    ** Stock among biggest percentage losers in the tech
sub-index  .AXIJ  
    ** Stock on track for a third consecutive session of losses
and poised for biggest intraday percentage loss since Feb 26 
    ** Down ~19% this year, as of last close 

   ($1 = 0.8297 euros)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))
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