XRO
16/06/2014 09:26
GENERAL
REL: 0926 HRS Xero Limited
GENERAL: XRO: Xero hits NZ$100m Annualised Revenue
MARKET RELEASE
Xero hits NZ$100m Annualised Revenue
In May 2014, Xero Limited (XRO) hit 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:
o 70% of annualised subscription revenue is from outside of New Zealand
o Staff numbers exceed 800 globally
o Australian customers now exceed 120,000 and UK customers now exceed 50,000.
Xero is the leading online accounting solution in those markets.
- End -
About Xero
Xero is beautiful, easy-to-use online accounting software for small
businesses and their advisors. Xero has over 300,000 paying customers in more
than 100 countries around the world. Xero seamlessly integrates with over 300
best-in-class business tools, and was recently ranked No. 1 by Forbes as the
World's Most Innovative Growth Company.
End CA:00251609 For:XRO Type:GENERAL Time:2014-06-16 09:26:22
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