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XERO TO BUILD OUT FUNCTIONS

In response to an email question, Drury expanded on that. The company will concentrate on functions from order to cash workflow so that means adding such features as purchase orders, quotes and simple stock (I'm assuming the last is the New Zealand term for inventory.) Drury said the goal is to be "a full competitor to the incumbents but with much more delight." Drury's prepared remarks also ruled out a stock offering in the United States anytime soon. While he said an American listing is the goal of any company with worldwide aspirations, Xero has been advised it would not make sense until the company achieves revenue of at least $100 million. Double the company's first half revenue and it would only have $28 million, although growth has clearly accelerated beyond that level.
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