@lightning70
It will take me awhile to dig through results fully but:
subs were 37K above my expectations- UK, AU, ROW beat and NZ/USA were less
Quite pleasing to see LTV/CAC continue to improve both internationally and Australia
The gross margin improvement is fantastic
They have quite a warchest- they can start adding in some acquisitive growth and I believe maintain the 30% growth for at least a few years to come.
Intuit's numbers are very misleading- I have taken to comparing Xero ecosystem revenue to QBO ecosystem and there is a steady improvement from Xero's end- it is getting close to 50% even after currency conversion.
The US numbers were disappointing. Quickbooks took some advisors offside with their book-keeping service and they also did a few price rises, and Xero still didn't appear to capitalise. I do however think this is a very long game, and I do like what Xero is doing, but Xero will be a distant #2 in the US (and that is ok!).
Valuation...who knows!
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@lightning70It will take me awhile to dig through results fully...
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$142.47 |
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Open | High | Low | Value | Volume |
$142.41 | $143.83 | $140.48 | $73.45M | 514.7K |
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3 | 1396 | 141.150 |
1 | 1496 | 141.140 |
1 | 337 | 141.060 |
1 | 1356 | 141.010 |
Price($) | Vol. | No. |
---|---|---|
142.490 | 789 | 1 |
142.520 | 1356 | 1 |
142.900 | 5000 | 1 |
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