Xero stories - Page 21
Xero raises NZ$180m for global growth
Mon, 14th Oct 2013
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Company raises new capital from a range of US and New Zealand investors, including existing shareholders Matrix Capital Management and the Peter Thiel.
Xero shares halted pending outcome of capital raising
Sat, 12th Oct 2013
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Shares in cloud-based accounting software developer Xero have been halted pending the outcome of a capital raising.
Xero sales gain 84% as cash on hand falls to $55m
Thu, 3rd Oct 2013
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Xero, the cloud-based accounting firm whose shares have soared 150 percent this year, said first-half sales almost doubled as it continued to chase cu.
Xero receives offshore data storage approval for NZ customers
Tue, 17th Sep 2013
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New Zealand’s Inland Revenue Department has approved Xero to hold records offshore, on behalf of the company's Kiwi taxpayer customers, in Xero's capa.
Recruiting Xero hits 200,000 customers
Fri, 30th Aug 2013
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Company hits 200,000 customers, closes new channel deals and appoints three new executives - one of which was previous Microsoft New Zealand CTO.
Xero writes off $700k by ending Xero Personal…
Wed, 28th Aug 2013
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CEO Rod Drury reveals the company is discontinuing Xero Personal, the personal finance software, late next year - writing off $700,000 in the process.
Drury claims zero US interest in Xero data
Fri, 23rd Aug 2013
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Following growing customer concern regarding US access to cloud data, Xero CEO Rod Drury moves to allay the fears, insisting no access has been reques.
Top cloud computing providers sign up to Code of Practice
Thu, 15th Aug 2013
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A selection of New Zealand’s top cloud computing providers have signed up to the Cloud Computing Code of Practice in Auckland earlier today.
Xero adds 36k customers... predicts 80% sales rise
Fri, 2nd Aug 2013
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Cloud-based accounting software firm added 36,000 customers since the end of March and is predicting an 80 percent pickup in annual sales as it contin.
Xero’s burns cash as costs to grow run ahead of sales
Wed, 31st Jul 2013
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Cloud-based accounting firm burned through more cash last quarter as the company's rapid expansion saw wages, advertising and marketing payments run a.
Xero: CloudCode demonstrates global leadership
Sat, 27th Jul 2013
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NZ's Xero backs global cloud initiative, lauds new Code of Practice as a step forward for transparency in cloud computing.
Govt CTO? Yes or No?
Fri, 26th Jul 2013
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If you could make one change to improve the relationship between the New Zealand government and Kiwi businesses, would recruiting a Chief Technology O.
Topsy-turvy Xero explains share plunge
Fri, 19th Jul 2013
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Xero's stock drops 23% in six days but attributes the decline to high volatility and reassures investors of its growth strategy.
Drury’s paper fortune hits $388m as Xero cracks $2bn market cap
Fri, 5th Jul 2013
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Cloud-based accounting software firm has doubled its market capitalisation in just four months, rising above $2 billion today, having still to turn a.
Xero set to create 200 jobs
Thu, 4th Jul 2013
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Xero continues its rapid expansion with over 100 new hires in the past three months and plans to create another 200 jobs by March 2014.
Cross-pollinate for success
Mon, 17th Jun 2013
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IT resellers should look beyond their industry to grow, says GeoOp's Leanne Graham. Partnering with accountants to resell cloud apps can yield high margins.
Xero becomes highest price local stock on NZX
Wed, 5th Jun 2013
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Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, hav.
Xero chair and COO book million-dollar paydays
Mon, 3rd Jun 2013
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Xero chairman Sam Knowles and COO Alastair Grigg cashed in some of their shares after a 'black-out' period ended when the company reported its annual.
Rapid customer growth for Xero with continued financial losses
Fri, 24th May 2013
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Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying custome.
Xero bags top NZ Hi-Tech Award
Mon, 20th May 2013
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Xero and Vend came out the big winners with two awards each at the NZ Hi-Tech Awards 2013 Gala Dinner in Auckland.