Xero to double turnover to $200M this year, says CEO Rod Drury

Wed, 22 Jul 2015

By Pattrick Smellie July 22 (BusinessDesk) - New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016, based on current exchange rates, having taken eight years since listing on the NZX in June 2007 to reach its first $100 million. However, it is no rush to fulfil its intention to list on the US stock exchange before the release of the results for the next year, chief executive Rod Drury told the annual meeting in Wellington. The company remained well-funded, with $2...

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