Hits NZ$100m Annualised Revenue
Wellington, June 16, 2014 AEST (ABN Newswire) - In May 2014, Xero Limited (
ASX:XRO) (NZE:XRO) hits monthly recurring subscription revenues of NZ$8.6m, passing NZ$100m in annualised subscription revenue for the first time. Full year operating revenue to March 2014 was NZ$70.1m.
Xero CEO Rod Drury says "passing the $100m annualised revenue mark is a huge milestone for any tech company. We're proud to have got there so quickly." Other recent milestones include:
- 70% of annualised subscription revenue is from outside of New Zealand
- Staff numbers exceed 800 globally
- Australian customers now exceed 120,000 and UK customers now exceed 50,000. Xero is the leading online accounting solution in those markets
About Xero Limited
Xero Limited (
ASX:XRO) (NZE:XRO) (OTCMKTS:XROLF) is a global company with offices in the United States, United Kingdom, Australia and New Zealand. Xero is the emerging leader in online accounting software, providing business owners with real-time visibility of their financial position in a way that's simple, smart and secure.
For advisors such as accountants and bookkeepers, Xero forges a trusted relationship with clients through online collaboration and gives them the opportunity to extend their services. Xero is a new type of multinational with teams around the world united in our passion to revolutionise small business.
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