Print this page

Estimated reading time: 0 minutes, 39 seconds

Xero Subs Rise 22.1% in North America

Xero saw subscriptions for its cloud accounting products r0se by 22.1 percent for the first half ended September 30. The New Zealand-based company also talked broadly of plans to expand on this continent in its recent earnings report.

The number of subscribers reached 308,000. Revenue for this North America rose to about $23 million for the most recently ended period.  CEO Steve Vamos said the company will use partnerships and acquisitions for expansion on this continent.

Xero’s revenue was approximately $372.8 million for the half, an increase of 23 percent with subscriber rising the same percentage to 3,013,000 from 2,453,000 subscribers.

In the United Kingdom, subscriptions rose 23 percent into 785,000 from 638, 000.  Growth was nearly as fast in Australia where there were 1,239,000 customers at the end of the half, an increase of 22 percent from 1,014,000.

Read 2321 times
Rate this item
(0 votes)