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    What does it Do?

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    작성자 Sybil
    댓글 0건 조회 3회 작성일 24-11-13 10:28

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    We’re also worried about ensuring that broadband investment takes place which is why we are such advocates. Also it takes a while to get traction which we now have. From the concerns from others about the large amounts of money it would cost to run the company, $65 million Rod points out it cost MYOB at the time, now it cost over that figure to run Xero - to the fact that Rod gave up on running the company at a profit in 2011 to concentrate on growing the company. I certainly don't understand the business and growing income and customers without making a profit is foreign to most investors. SI - How many customers do you expect to have in five years and an estimate of revenue and profit projections for those customers? SI - How is the company performing compared to your projections when you first started and has growth and or profitability stalled over the current economic slowdown and if so have you seen any indication of recovery ? SI - How crucial is cracking the United States to your future growth and profitability?


    There were a number of similar releases plus the annual report and audited accounts that clearly states that the customer numbers are "paying customers". I understand that for many SMEs there is a fine line between personal accounting and their business accounting, but I think that providing a solution to solve this for small business owners doesn’t require all the Xero Personal features. I believe there is a significant opportunity here, but that there is still a lot to do to maintain Xero’s position as a leading SME accounting solution. The opportunity is leveraging the traction in NZ into the much larger markets we are operating in. AU65m on staff per annum so we are a much lower cost operator. RD - As we are still in investment phase we are focusing on executing our plan within our cost budgets, recruiting and growing partners (which builds a scalable way to attract customers), customers, revenue. As the plan progresses over the next few years we will focus more on margin. It listed almost 2 years ago to raise NZ$15 million to enable the company to grow and raised a further NZ$29 million in 2009. Its results for the full-year to March 31 2010 are a loss of NZ$8.5 million, nearly $2 million more than last year.


    Reader Question - Will the American version of Xero be launched this year? RD - Yes. In this coming year. SI - With the question above in mind, do you see Xero coming back to the market and or its shareholders for more capital to grow your business? SI - Who is your favourite New Zealand business mentors/leader/s and why? RD - Getting talented people in New Zealand. The profile of Xero and the newPacific Fibre cable has attracted significant inward investment making New Zealand a global player in the Internet economy. We wanted to do Xero because we saw the consumer Internet was taking off with lots of innovation yet small businesses were still locked into pretty poor desktop software. The Internet allows us to solve that. SI -You seem to have strong brand recognition in New Zealand, how is Xero going in foreign territories? RD - NZ has been a great first market because we were able to leverage our profile and being listed to create a brand. MARKET RELEASE Xero exceeds 10,000 customer milestone 23 July 2009 In advance of the Xero Annual Meeting this afternoon Xero wishes to provide the market with a short update of the Company’s progress.


    I am concerned about maintaining focus on building the best online accounting system for the SME market. SI - As a user of accounting products why would a consumer choose yours over your competitors? It hard to determine a direct competitors and margin. SI - In terms of all important margins how are they tracking and how do they compare with your competitors? We are converting a lot from MYOB and Banklink. Our senior team are all passionate about technology and improving productivity so a lot of what I do is keep reinforcing the vision so we can align with that. SI - The sector in which you operate is very competitive and fast developing, why is what you are doing different and if it is will it keep you ahead of the pack? SI - What are you doing to contain costs considering the current economic environment and the focus by other businesses on this important factor? RD -The challenge with doing our type of business is that we can control costs and product but its very hard in the early days to predict what adoption will be like and therefore what the revenue will be. I think this is because accounting is quite sticky once you commit and by the time we count a customer they have trialled the software and running their business on it.



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