• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks

    Xero Subscriber Value and Gross Margins Improve, Revenue Rises

    Dorothy Neufeld
    Nov. 07, 2019 03:00PM PST
    Australia Investing

    Monthly recurring revenue for the fintech firm increased 30 percent in its 2020 half year report as it reached 2 million subscribers.

    Xero (ASX:XRO), financial technology company witnessed subscriber value jump 37 percent compared to the first half of 2019 in its most recent interim report. Generating over NDZ$1 billion in subscriber value, the company also saw its free cash flow reach NDZ$4.8 million and operatinf revenue climb 32 percent during the same time period.

    As quoted in the press release:

    CEO Steve Vamos commented: “We’ve continued o perform well this half with strong topline results and improving financial performance. Exceeding two million subscribers globally and achieving AMRR of over three quarters of a billion dollars were important milestones.”

    “There are a number of significant global trends contributing to Xero’s growth including industry, regulatory and technology shifts. These include the increased use of cloud technology by small businesses, the digitisation of tax and compliance systems, and innovation reshaping the financial services sector.”

    Click here to read the full press release.

     

    australiaasx:xroxero
    The Conversation (0)

    Go Deeper

    AI Powered
    Australia map created using circuitboard imagery.

    ASX Tech Stocks: 9 Biggest Companies in 2025

    Tech Outlook: Australia Edition

    Tech Outlook: Australia Edition

    Latest News

    Livium Ltd (ASX: LIT) – Trading Halt

    Strategic U.S. Investment Supports Successful Rights Issue & Placement

    Drill Rig Mobilised at Lo Herma ISR Uranium Project

    Altech Batteries Ltd $6M Placement to Advance Battery Projects

    Altech - $6M Placement to Advance Battery Projects

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES