Accounting software company Xero has come out of the half-yearly results gate poised for growth as customer churn drops and the company’s average revenue per user nudges up.

For investors chasing pure hard and fast subscriber growth, Xero doesn’t look as sexy as fast pandemic risers like NASDAQ-listed video conferencing software Zoom or NYSE-listed small business e-commerce behemoth Shopify. But the New Zealand company continues to deliver solid results and has invested heavily in hiring up talent to keep up with newer technology big dogs in town.