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Xero: Revs to Double for 2012 E-mail
Written by The Progressive Accountant   
Tuesday, 31 January 2012 14:48

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xero-logoXero, a New Zealand-based publisher of online accounting applications, says it expects that its revenue for the year ending March 31 will be twice that of fiscal 2012. The company has begun its attack on the United States market with the establishment of an office in San Francisco.

 

The company said revenue for fiscal 2012 the roughly $7.7 million reported in fiscal 2011. That represents the current exchange value of the $9.3 million in revenue reported last year in New Zealand dollars. The company also said that the number of worldwide users is now 60,000 with 240,000 user accounts, which is up from the 50,000 paying customers the company has been reporting of the last few months.

 

Xero has also reported that its partnership with Yodlee provides 5,000 direct bank feeds to its application in the United States and 6,000 internationally



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