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Company News Summary

Xero Reports Half Yearly Report and Accounts

12 Nov 2020  |  08:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Half Yearly Report and Accounts

Xero reported half year earnings to 30 September 2020 (H1 FY 2021) that demonstrate the resilience of its global subscriber base, and its proactive response supporting customers and partners, in a challenging COVID-19 environment. While COVID-19 had some impact on its ability to acquire new customers during the period, subscribers grew by 19% to reach 2.45m with all markets making positive progress and Australia becoming its first market to pass one million subscribers.

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