Xero Limited posted 33% Growth in Operating revenue for H1 FY20

Xero Limited (ASX: XRO) has reported half-year results for the period ended 30 September 2019. Operating revenue for the period was NZD 338.7 million, increasing 33% in constant currency terms over pcp.

  • Xero posted first half net profit of NZD 1.3 million compared to loss of NZD 28.57 million in pcp.
  • Subscribers in the UK grew by 51%, passing half a million mark.
  • Subscribers grew by 52% in rest of world led by South Africa and some progress in Hong Kong, Singapore.
  • Overall subscriber growth was 30%, reaching 2.057 million.

By 1:06 PM AEST, XRO was trading at $72.17, up by 7% relative to the last close.

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