Menu
Xero hits $100m in annualised revenue

Xero hits $100m in annualised revenue

The company also posted full year operating revenues of $70.1 million up to March 2014.

Cloud accounting software provider Xero has announced that the company hit monthly recurring subscription revenues of $8.6 million in May this year, taking it past the $100 million mark in annualised subscription revenue.

The company also posted full year operating revenues of $70.1 million up to March 2014.

CEO Rod Drury said, “Passing the $100m annualised revenue mark is a huge milestone for any tech company. We’re proud to have got there so quickly.”

Around 70 per cent of the firm’s annualised subscription revenue comes from outside NZ, with more than 120,000 Australian and upwards of 50,000 UK customers. Xero counts more than 800 personnel currently, and continues to hire locally and globally.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags Xero resultsXero CEOdruryxerorod drurycloud softwarecloud servicesCloudcloud accounting

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments