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.