Business
The ASX 200 fell 0.5% on Thursday 12 November// Motley Fool Australia
The S&P/ASX 200 Index (ASX: XJO) went up by 5% today to 6,418 points.
Here are some of the highlights from the ASX:
Xero Limited (ASX: XRO) reports
Xero reported its FY21 half-year result today.
The 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 Africa, with progress in Singapore.
UK subscribers rose by 19% to…
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