Business
Is the Xero (ASX:XRO) share price a buy? // Motley Fool Australia
Is the Xero Limited (ASX: XRO) share price a buy after it reported its FY21 half-year result?
The Xero share price has comfortably beat the market over 2020 in the calendar year to date, rising by 51%.
What was in the FY21 half-year result?
The cloud accounting software business reported that for the six months ending 30 September 2020, its operating revenue grew by 21% to NZ$409.8 million.
Total subscribers rose by 19% to 2.45 million whilst net subscriber additions decreased by 30% to 168,000. The total lifetime value of subscribers increased by another 15% to NZ$6.17 billion.
The rest of the world subscribers demonstrated the fast growth rate with an increase of 37% to 136,000, with revenue growth of 38%. This was led by South…
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