Prior close: $122.14
A sign of things to come?
On Thursday, Xero (XRO) reported its half year results for the six months ended 30 September 2020. The results were strong, highlighting the essential nature of Xero’s software, the positive industry tailwinds, and Xero’s success in winning market share. The company delivered a record profit for the half of NZ$34.4 million, up from just NZ$1.3 million in the first half last year.