Interesting to see Xero recovering and not all that far off its high now. Given the state of the world these days it seems likely that quite a few of Xero's clients will go under and that will impact their outlook.
Maybe their customers are more savvy than the average! Could be.
I doubt their customers are more savvy than the average ....but all least Xero customers know when they’re broke faster.
”When investors are euphoric, they are incapable of recognising euphoria itself “
I doubt their customers are more savvy than the average ....but all least Xero customers know when they’re broke faster.
LOL, though would say that a vast number of small businesses do the accounts at the kitchen table with a shoebox of bits of paper. Owners who invest in cloud accounting software are a big step up from that.
Hi RnT. Still holding. Welcome back. I did sell a very small amount just as the world was imploding recently. Just to have a bit of cash to invest elsewhere. I am amazed how well it has held up and hopefully as this Covid thing passes we will see a return to that relentless climb. Still a big addressable market I reckon.
Nice to see positive numbers on the bottom line, in revenue and subscriber numbers and EBITDA and EBITDA margin.
Probably not the results that are the problem - more likely unhappiness about the vagueness of the outlook for FY21.
I'm currently drafting a budget for my business for FY21 and like XRO really have no idea what to predict the Covid-19 impact will be on the revenue line.
Finally getting back on track and closing in on $100. I tend to think the covid recovery will be a great catalyst for increased growth in cloud accounting and I hope Xero will do well.
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