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Xero Raising U.S. Prices

Plus sign green Xero is raising prices for its business edition in the United States and Canada, the company said this week.

That announcement came as the New Zealand-based cloud accounting company said North American subscriptions rose by 15 percent year-over-year to 354,5000 when the second half ended on September 30

During this week’s earning webcast, CEO Steve Vamos said the increases were to take effect in the middle of the month. He did not specify the size of the increase.

North American revenue was about $27 million for the most recently ended period, an increase of 44 percent, 30 percent in constant currency. Total revenue for the first half reached $420.7 million, rising 30 percent, 27 percent in constant currency.

Worldwide subscriptions increased by 483,000 to slightly less than $3.5 million, up 483,000.

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