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Xero Limited (ASX:XRO) has increased revenue by 83 per cent to $NZ 70 million with monthly committed subscriptions growing to $NZ7.78 million.
The Cloud-based accounting software company’s full year loss doubled to $NZ35 million following increases in staff numbers with their team growing to 758 in the past year, highlighting their focus on expansion, they have a pool of $210 million of cash to fund its growth.
The company has a dual listing in New Zealand where the strong local currency is adversely impacting revenue, given 66% of incomings are in foreign currencies.
Strong growth is expected to continue as Xero turns its focus to the important US market.
Xero reported a net loss of $NZ35 million in the year to the end of March 2014.
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Last
$161.29 |
Change
0.990(0.62%) |
Mkt cap ! $26.67B | |||
| Open | High | Low | Value | Volume |
| $161.50 | $162.40 | $160.33 | $84.94M | 525.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9 | $161.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $161.40 | 130 | 1 |
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| Last trade - 16.10pm 17/09/2025 (20 minute delay) ? |
| XRO (ASX) Chart |