- Release Date: 23/05/13 16:26
- Summary: FLLYR: XRO: Xero Annual Report 2013
- Price Sensitive: No
- Download Document 3.53KB
XRO 23/05/2013 14:26 FLLYR REL: 1426 HRS Xero Limited FLLYR: XRO: Xero Annual Report 2013 Attachment contains: Market Release, Appendix 1 Release, Annual Report ---- MARKET RELEASE Xero - investment for growth is working 23 May 2013 (Note: all currency is in New Zealand dollars) Xero Limited (XRO) has again doubled revenues and customer numbers in the financial year, with an increasingly globally diverse income. Xero is continuing its growth agenda to create long-term shareholder value by building a global Software-as-a-Service company. Xero's total operating revenue for the year ended 31 March 2013 reached $39.0 million, up from $19.4 million the previous year. Paying business customer numbers increased to 157,000 at 31 March 2013, up from 78,000 a year ago. Annualised Committed Monthly Revenue also doubled, to $51.5 million from $25.5 million. As anticipated the full year loss grew, coming in at $14.4 million. Performance highlights Year ended Year ended Year-on-year change 31 March 2013 31 March 2012 ________________________________________ Total operating revenue $39.0m $19.4m +102% ________________________________________ Net loss after tax ($14.4m) ($7.9m) +83% ________________________________________ At 31 March 2013 At 31 March 2012 Cash at bank $78.2m $39.0m +101% ________________________________________ Paying business customers 157,000 78,000 +101% ________________________________________ Annualised Committed Monthly Revenue $51.5m $25.5m +102% ________________________________________ Regional breakdown Revenue - year ended Revenue - year ended Customer numbers Customer numbers 31 March 2013 31 March 2012 at 31 March 2013 at 31 March 2012 ________________________________________ New Zealand $16.9m $10.3m 73,000 47,000 ________________________________________ Australia $13.9m $5.0m 51,000 16,000 ________________________________________ United Kingdom $5.5m $2.7m 22,000 11,000 ________________________________________ United States/Rest of World $2.7m $1.3m 11,000 4,000 ________________________________________ Total $39.0m $19.3m 157,000 78,000 ________________________________________ Commentary 2013 was about accelerated investment in the team to support expected future growth. In the period we grew our team from 194 to 382 in four countries. While pleased to have quickly achieved over 150,000 customers, this is still a small portion of the vast small business market. Xero is a unique opportunity, addressing a vast market undergoing massive technological disruption. We believe we are still at the beginning of our journey. For 2014 we intend to continue our high growth plan, further increasing the capacity of our team to continue our progress in all markets. Hi-Tech Awards The company's traction globally has been recognised through collecting both the Exporter of the Year (over $5m) and Company of the Year Awards at the New Zealand Hi-Tech Awards in Auckland last week. Investor Calendar Xero notes the following planned dates for investors and analysts: 1 August 2013 - Annual Meeting at Soundings Theatre, Te Papa, Wellington from 4pm-5pm 21 November 2013 - Half Year Interim Report release For more information contact: Rod Drury Xero CEO [email protected] +64 27 6000 007 About Xero Xero provides beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 150,000 paying customers and 200,000 users in more than 100 countries around the world. The company is listed on the NZX and ASX. See www.xero.com End CA:00236573 For:XRO Type:FLLYR Time:2013-05-23 14:26:33
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