By Tess Bennett
Publication Date: 2026-02-03 04:39:00
Xero CEO Sukhinder Singh Cassidy has dismissed criticism from pessimistic software investors who say the ASX-listed accounting software group’s products can be easily replicated by artificial intelligence tools, saying the company’s proprietary data gives it an edge over newer rivals.
Shares in Xero have fallen to $95.60 on Tuesday from $194.51 in June, when the company said it would spend $4 billion to acquire U.S. bill payment company Melio.
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