Xero Ltd
XRO: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$43.00 | Hhfbh | Ppgxvjwr |
Xero's Planday Acquisition Not a Game Changer
Business Strategy and Outlook
Xero has grown quickly since incorporation in 2006 to become the largest provider of accounting software as a service, or SaaS, to the SME market in Australia and New Zealand. We expect the company to continue leveraging this strong position to expand quickly in other regions such as the United Kingdom and the United States.