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Xero hits NZ$100m Annualised Revenue


Xero hits NZ$100m Annualised Revenue

16 June, 2014

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:

70% of annualised subscription revenue is from outside of New Zealand
Staff numbers exceed 800 globally
Australian customers now exceed 120,000 and UK customers now exceed 50,000. Xero is the leading online accounting solution in those markets.
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