Xero's curate's egg first-half result cheered by investors

Fri, 08 Nov 2019

Investors' response to Xero's first-half results was unambiguously positive despite it being a bit of a curate's egg.Xero shares, which trade only on the ASX, rose as high as a record A$74.54, up 10.4 percent from A$67.50 on Wednesday, before easing to close at A$73.95. The shares are more than 82 percent higher than a year ago.The good bits in the accounting software company's results include the overall 30 percent rise in subscribers to 2.057 million, particularly the 51 percent rise in UK subscriber numbers to 536,000, the fact that it repor...

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