Business
3 big things you might have missed from the Xero (ASX:XRO) results // Motley Fool Australia
This week, cloud accounting platform Xero Limited (ASX: XRO) announced a rocketing earnings result for the six months to 30 September 2020. You can read the highlights here.
The big headline numbers showed continued growth in subscribers and revenue, as well as a huge lift in net profit, which jumped from NZ$1.3m to NZ$34.5m. Given the Xero share price jumped by as much as 6% on the day, the results were better than many had anticipated for a period throttled by COVID-19.
However, digging into the results, there are three big things that you may have missed.
1. Xero is piling up a lot of cash!
During the period, Xero’s free cash flow jumped from NZ$5.3 million to NZ$54.3 million. That is a big increase and the additional cash…
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