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XERO REVS DOUBLE

xero logoOnline accounting software provider Xero more than doubled revenue and the number of paying business customers for the 12 months ended March 31. The New Zealand-based company said that reached reach about $15.7 million ($19 million in New Zealand dollars.) Business customers grew to more than 78,000 from 36,000.
The still small business in the United States also doubled, well that is actually a category labeled United States/World, which rose to 4,000 at the end of last month from 2,000 at the end of March 2011. Out of the 78,000 users, 47,000 are in New Zealand, 16,000 in Australia and 11,000 in Great Britain. A statement from the company said goals for fiscal 2013 included developing U.S. product features and continuing to grow its employee base in this country. The numbers were released as part of an operating update and were not accompanied by full financial statements for fiscal 2012.
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