Xero Ltd Corporate Call Transcript
Good morning, and thank you for joining us. For many of you who I haven't met, I'm Sukhinder, the new CEO of Xero. Since joining Xero, I've worked with our team to better understand how we work and what we work on. I spent the last 90 days meeting and learning from our people and customers around the world. As part of this, I have received a lot of feedback, including from investors directly. I know many of you will be on this call.
Through this process, I have learned that Xero has many strengths, including how resilient our business has been over the last few challenging years for our small business customers, as well as the strength and opportunity we have to still capture the very large and growing cloud accounting market where we are still early in our evolution. But we also have some challenges, and we must evolve. The organizational changes and decision to exit the Waddle business announced today reflect a reshaping of our business so we can simplify focus, strengthen our efficiency and execution, and balance growth with profitability. As a
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