Xero stories - Page 21
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Xero becomes $3 billion company
Fri, 18th Oct 2013
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Fresh from raising NZ$180 million of new capital from a range of US and New Zealand investors this week, cloud accounting firm Xero has become a $3 bi.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.