Xero Limited (ASX:XRO) reports operating revenue up 21%

Company News

by Rachael Jones

Xero Limited (ASX:XRO) today reports half year earnings to 30 September 2020 with operating revenue up 21 per cent to $409.8 million.

Net profit after tax increased by $33.2 million to $34.5 million.

EBITDA of $120.8 million increased 86 per cent from $64.9 million.

They say while Covid-19 had some impact on Xero’s ability to acquire new customers during the period, total subscribers increased by 19 per cent to 2.45 million.

Shares in Xero Limited (ASX: XRO) are trading 2.75 per cent higher at $126.08.