Business
Xero (ASX:XRO) share price hits record high after delivering strong first half growth // Motley Fool Australia
The Xero Limited (ASX: XRO) share price is charging higher following the release of its half year update.
In morning trade the cloud-based business and accounting platform provider’s shares are up almost 7% to a record high of $130.95.
How did Xero perform in the first half?
For the six months ended 30 September, Xero continued its positive form despite the challenging COVID-19 environment.
Management feels that this demonstrate the resilience of its global subscriber base and its proactive response supporting customers and partners.
During the half, the company’s operating revenue grew 21% over the prior corresponding period to NZ$409.8 million. This was a 19% increase in constant currency.
This led to Xero’s annualised…
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