Xero sees 80% revenue growth this year, Intuit 'spooked', says Drury

Wed, 23 Jul 2014

By Pattrick Smellie Jul. 23 (BusinessDesk) - Cloud accounting software firm Xero updated shareholders at the annual meeting with a forecast of 80 percent revenue growth in the current financial year in constant dollar terms, and founder chief executive Rod Drury danged an American stock market listing as being on the cards once the company passes through the US$100 million annual revenue mark. Drury declined to put an exact dollar figure on that forecast increase, but the company turned over $70.1 million last year, implying turnover in N...

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