Business
3 reasons why the Xero (ASX:XRO) share price could be a buy
There are few reasons why the Xero Limited (ASX: XRO) share price could be worth watching for the coming years.
What is Xero?
Xero describes itself as a cloud-based accounting software platform for small businesses globally. With Xero, it says that small business owners and their advisors have access to real-time financial data any time, anywhere on any device. Xero offers a platform of over 800 third-party apps and over 200 connections to banks and other financial partners.
What was the most recent result like?
Xero revealed its FY21 half-year result in November 2020.
It said that operating revenue increased by 21% to NZ$410 million. Xero’s total subscriber numbers went up 19% to 2.45 million.
Whilst average revenue per user…
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