Xero board grapples with growth/profit tension as new product suite beckons

Wed, 12 Jul 2017

By Paul McBeth July 12 (BusinessDesk) - Xero's board is still balancing the tension between chasing new growth and getting the books in black, with new technology and the migration to Amazon Web Services paving the way for the accounting software provider to chase new revenue streams with an expanded product range. Shareholders today voted to increase the board's fee pool to $1.4 million from $850,000, which will let the Wellington-based company take on two or three new directors in the UK or potentially the US. Chairman Graham Smith, pr...

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