Fresh off news of its integration with Square, cloud accounting software specialist Xero announced the end of a fiscal year that saw the company grow its revenues by more than 80%.
A few other metrics just released by the company include:
- NZ$70 million ($60 million USD) in operating revenues
- NZ$93 million ($80 million USD) in annualized subscriptions
- NZ$210 million ($180 million USD) in cash on hand to fund growth
- 284,000 paying customers
- 758 employees
Xero is the leading accounting software provider in New Zealand, and leads the online market in both Australia and the United Kingdom. In fact, Xero has seen the most significant year-over-year growth in the latter two regions, as well as North America. Metrics on Xero’s paying customers by region are below:
- Australia: 109,000
- New Zealand: 102,000
- United Kingdom: 47,000
- North America: 18,0000
- The rest of the world: 8,000
And here are numbers on Xero’s year-over-year growth in subscription revenue:
- North America: 154%
- Australia: 120%
- United Kingdom: 92%
- The rest of the world: 86%
- New Zealand: 48%
Xero demonstrated its technology as part of the show at FinovateSpring 2011. See the company in action here.