Xero Ltd (ASX:XRO)
A$ 128.97 -0.32 (-0.25%) Market Cap: 19.73 Bil Enterprise Value: 19.45 Bil PE Ratio: 123.41 PB Ratio: 15.37 GF Score: 88/100

Xero Ltd Announces Acquisition of Workforce Management Platform Planday Transcript

Mar 03, 2021 / 10:30PM GMT
Release Date Price: A$119 (-2.65%)
Steven M. Vamos
Xero Limited - CEO

Well, thank you, and hi and welcome to our investor briefing this morning covering today's announcement of Xero's acquisition of Planday. As you know, I'm Steve Vamos, the CEO of Xero; and I'm joined here in Wellington by our CFO, Kirsty Godfrey-Billy.

I just wanted to start the call by just providing some introductory comments and then, of course, we'll move to your questions. I also wanted to just let you know that today, there won't be a discussion of our FY '21 performance, which we will obviously look forward to presenting to you on the 13th of May.

So let me begin. First of all, I have to say we are really excited to announce today that Xero is acquiring Planday, a workforce management platform that is going to help us deliver on our purpose to make life better for people in small business, their advisers and communities around the world. The transaction is also an important step in the execution of our strategic priority, which is to grow our small business platform and, in particular, further extends Xero's capabilities into small business

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