Australia leads the way for Xero

Australia leads the way for Xero

Kiwi company realises 124 per cent six-month growth YoY

Online accounting software vendor, Xero, has reported 124 per cent revenue growth in Australia for the six months ending September 30, 2013, compared to the same period a year ago.

With offices in Melbourne, Sydney, Canberra, Perth and Brisbane, Xero has grown its staff numbers to 100, with a dedicated development team working on Tax, with launch expected in June 2014 in time for the end of the financial year.

“With a major focus on growth supported to $200 million in the band and no debt, we are moving quickly on market share in the Australiasian market,” Xero managing director, Chris Ridd, said.

“Xero is in a stronger financial position that competitors in the Australasian market. We will continue to build a world class team and invest in our pure Cloud accounting software model.”

Last month, Xero announced it raised $180m in new capital which it said it will use to support global growth, and in particular, building its US-based team.

NZ-based investors account for $33m of the total, with the remaining $147m coming from US companies.

Follow Us

Join the newsletter!

Error: Please check your email address.

Tags xeroCloudfinancialsaccountingvendorrevenuesoftware



Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments