The Xero Ltd (ASX: XRO) share price has already been an incredible long-term investment. In the last five years, it has delivered capital gains of 92%.
This business is one of the world’s leading accounting software businesses. But, it’s a lot more than just accounting software. It also helps businesses run their payroll, the accounts payable and receivable, business performance and so on.
I believe there is more to come from the ASX growth share for a few different reasons.
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Extremely loyal subscribers
One of the main positive points about Xero shares is how much the subscribers seem to love the product.
The key metric that loyalty can be seen with is the churn rate of…
