Comments on: Well done Xero! http://www.hartnall.com/2009/03/well-done-xero/ Attempting to convert random thoughts into sentences. Mon, 03 May 2010 08:46:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Kelvin Hartnall http://www.hartnall.com/2009/03/well-done-xero/comment-page-1/#comment-606 Kelvin Hartnall Fri, 24 Jul 2009 04:31:08 +0000 http://www.hartnall.com/?p=278#comment-606 There is a good article in the <a href="http://www.nbr.co.nz/article/xero-raises-profitability-bar-30000-customers-sets-break-even-date-106424" rel="nofollow">National Business Review</a>. They currently have exceeded 10,000 paying customers and break-even has moved up to 30,000 customers due to the increased investments to grow the business. Xero are aggressively pursuing growth options and increasing head count in New Zealand as well as their overseas markets. It is worth noting that as is common with software businesses, their growth is currently exponential and variable costs are minimal. So I predict we will see them coast past 30,000 customers in the next 18 months. I am personally not too concerned about accounting profits, and am pleased to see them focusing on growth options with positive NPV. There is a good article in the National Business Review. They currently have exceeded 10,000 paying customers and break-even has moved up to 30,000 customers due to the increased investments to grow the business. Xero are aggressively pursuing growth options and increasing head count in New Zealand as well as their overseas markets.

It is worth noting that as is common with software businesses, their growth is currently exponential and variable costs are minimal. So I predict we will see them coast past 30,000 customers in the next 18 months. I am personally not too concerned about accounting profits, and am pleased to see them focusing on growth options with positive NPV.

]]> By: Share Investor http://www.hartnall.com/2009/03/well-done-xero/comment-page-1/#comment-596 Share Investor Thu, 23 Jul 2009 06:49:44 +0000 http://www.hartnall.com/?p=278#comment-596 At what customer level does profit kick in Kelvin? At what customer level does profit kick in Kelvin?

]]> By: Kelvin Hartnall http://www.hartnall.com/2009/03/well-done-xero/comment-page-1/#comment-554 Kelvin Hartnall Sat, 18 Jul 2009 07:52:40 +0000 http://www.hartnall.com/?p=278#comment-554 I expect Xero will continue to lose money as they aggressively take advantage of growth opportunities. They have raised enough additional capital to allow them to pursue growth for the next few years. Assuming they grab a significant amount of market share from the incumbents, they could be very profitable in the future. I expect Xero will continue to lose money as they aggressively take advantage of growth opportunities. They have raised enough additional capital to allow them to pursue growth for the next few years. Assuming they grab a significant amount of market share from the incumbents, they could be very profitable in the future.

]]> By: RogerRamjet http://www.hartnall.com/2009/03/well-done-xero/comment-page-1/#comment-541 RogerRamjet Thu, 16 Jul 2009 03:01:37 +0000 http://www.hartnall.com/?p=278#comment-541 Impressive growth Indeed? Kind of depends on how much each customer is paying don't you think? This company is still loosing money so me thinks maybe the customers are not paying enough? Impressive growth Indeed?

Kind of depends on how much each customer is paying don’t you think? This company is still loosing money so me thinks maybe the customers are not paying enough?

]]> By: Jared L http://www.hartnall.com/2009/03/well-done-xero/comment-page-1/#comment-108 Jared L Wed, 01 Apr 2009 22:41:51 +0000 http://www.hartnall.com/?p=278#comment-108 Impressive growth Indeed, - And now with the Telstra Partnership, they should be able to continue this crazy growth rate with the upcoming Australian financial year-end. Word of mouth is really taking off - delighted customers going out of their way to recommend Xero to others. A quick search on Twitter confirms this http://search.twitter.com/search?q=xero Impressive growth Indeed,

- And now with the Telstra Partnership, they should be able to continue this crazy growth rate with the upcoming Australian financial year-end.

Word of mouth is really taking off – delighted customers going out of their way to recommend Xero to others.

A quick search on Twitter confirms this

http://search.twitter.com/search?q=xero

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