Prime Blog

June 2014

Xero hits $100m milestone

Xero, the leading global cloud accounts system for owner managed businesses, has just hit another milestone with annualised recurring revenue reaching 100 million New Zealand dollars. See their blog here.

Prime began its relationship with Xero back in 2009 and now supports nearly 300 clients in their daily use of it as well as using it as part of its outsourced accounting service – Virtual Accounts Office.

This milestone is another acknowledgement of Xero’s very strong and successful growth in this sector which is also reflected in the following statistics taken from their May 2014 Investor briefing:

  • Staff numbers doubled in last 12 months
  • Operating revenue increased by 90% in the UK during the year
  • Number of customers in the UK grew by 114% in the year but is still only a very small percentage of the overall market

Prime has amassed a wealth of experience using Xero over the last 5 years, is the highest placed Xero advisor in the West Midlands and on page one of the list of advisors in the UK.

In July, Prime Director Laurence Moore will sit on an Expert Panel at Xero’s roadshow explaining the benefits for businesses and their advisors to be gained from using the cloud to collaborate.

If you would like to learn more about Xero please contact us.

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