Revenue for North America was roughly $2.8 million, up 154 percent. Worldwide, the number of users 284,000, an increase of 81 percent from 157,000 a year ago. During the year, Australia became the country with the largest number of Xero users, overtaking New Zealand. There were 109,000 users in Australia, up 114 percent from 51,000 in 2013. The total for New Zealand was 102,000, a rise of 40 percent from 73,000 the prior year. Australia also outstripped New Zealand in revenue. There was about $23.7 million in revenue in Australia while the total in New Zealand was about $19.8 million.
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XERO REVS UP 83 PERCENT Featured
Cloud accounting vendor Xero reported revenue of roughly $60 million for the year ended March 31, up 83 percent from fiscal 2003. The New Zealand-based company said annualized subscriptions are roughly about $77.7 million for fiscal 2015. The net loss for the second half is expected to be "similar" to the roughly $30 million in red ink for the first half of fiscal 2014. Growth in North America was sharply higher, but on a small base. There were 18,000 users on the continent at the end of the year, an increase of 200 percent from 6,000 last year.
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