I have previously been critical of the US rollout, which has been slow - but the numbers on a raw basis aren't that bad compared to NZL and ROW lately. You see that Australian numbers still taking off in that time period, and I think its important to remember the uptake of software and tech is often non-linear.
Since H1 FY20
NZL +169k
USA +139k
UK +358k
ROW +143k
AUS +630k
If you look at the addressable markets, they have 2m of the 3.7m addressable market in AUNZL. They are now starting to garner a really decent portion of the UK market with almost 900k of 5.5m, which is reaching a solid tipping point now and momentum should hopefully keep going. I think realistically, the size of the US addressable market is just too big to not try for, even if you only ever garner 10% of it (currently they have 1%), that is the size of the entire current subscriber base.
You also have an increase of 31% in platform revenues, these revenues from the last report are annualized $144m, and very high margin. These are the types of revenues that we really like to see increase for markets like the US/UK as you have Apps taking care of localized reporting requirements while using the core functionality of Xero.
So it will be an interesting time, but I think the doom about the US market is probably a little overstated considering the upside if they get it even a little right.
- Forums
- ASX - By Stock
- Ann: H1 FY23 Investor Presentation
I have previously been critical of the US rollout, which has...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XRO (ASX) to my watchlist
|
|||||
Last
$143.23 |
Change
-1.440(1.00%) |
Mkt cap ! $21.86B |
Open | High | Low | Value | Volume |
$143.74 | $144.89 | $142.83 | $57.50M | 400.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2999 | $143.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$143.65 | 1151 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 243 | 143.000 |
1 | 200 | 142.250 |
4 | 310 | 142.000 |
1 | 100 | 141.500 |
1 | 35 | 140.690 |
Price($) | Vol. | No. |
---|---|---|
143.700 | 50 | 1 |
143.800 | 5 | 1 |
144.100 | 183 | 1 |
145.000 | 481 | 5 |
145.200 | 247 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
XRO (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online