Company News Summary | 13 May 2021

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Xero Announces FY 2021 Annual Results

08:35:00 | Associate analysts

Original annuncemenet:Market Release - FY21 Annual Results

Xero reported full-year earnings to 31 March 2021 (FY 2021) that demonstrate it is well-positioned to meet fast-evolving customer needs in an environment where cloud-based software and integrated digital tools are increasingly important. The FY 2021 result reflected continued momentum in Australia and NZ together with a notable recovery across its International markets in the second half of the year (H2 FY 2021). International net additions in H2 FY 2021 of 155,000 more than trebled compared to H1 FY 2021. Over the full year, total global subscribers increased by 456,000 or 20% to reach 2.74m.

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