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Xero Limited (ASX:XRO) (NZX:XRO) says it has delivered exceptional revenue growth of 77 per cent in fiscal 2015.
Subscription revenue was up 81 per cent to $121 million with growth of 475,000 new customers. Employees grew by 403 to a global staff of 1,161.
The cloud software accounting firm still posted a net loss of $69.5 million as it continues its investment in product development, sales and marketing.
However the company retains $269 million in cash and says it’s in a good position to fund future growth and expansion.
Xero also says it is seeing positive momentum in the lucrative US market despite the sudden resignation of CFO Douglas Jeffries.
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Last
$161.24 |
Change
-0.940(0.58%) |
Mkt cap ! $26.66B | |||
| Open | High | Low | Value | Volume |
| $162.10 | $162.11 | $160.24 | $45.84M | 284.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37 | $161.21 |
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| Price($) | Vol. | No. |
|---|---|---|
| $161.49 | 50 | 1 |
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| Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
| XRO (ASX) Chart |