COVID-19 a tailwind for Xero as digitisation trend ramps up
Xero chief executive Steve Vamos says faster adoption of digital technologies by small businesses and big companies during the coronavirus pandemic is underpinning subscriber and revenue growth for the accounting software platform.
The Auckland-based, ASX listed company reported revenue of $NZ409.8 million, an increase of 21 per cent, compared to the same period last year in its half year earnings released this month.
Mr Vamos told The Age and The Sydney Morning Herald while Covid 19 raised significant challenges it had also driven the faster adoption of digital technologies such as Xero’s products.