Sam Stewart - Latest Comments in Xero to Double Customer Numbers in Six Months

Re: Xero to Double Customer Numbers in Six Months

contextual inquiries — Thu, 14 May 2009 13:20:48 -0000

Nice. Just hope that Xero won't be overwhelmed with the influx of customers. It's got a bright future ahead of it.

Re: Xero to Double Customer Numbers in Six Months

Daniel — Wed, 13 May 2009 23:45:20 -0000

Hi SS,

Look forward to your next Xero update, always a good read..

Interesting to note in latest figures...

$33.33 average revenue per user per month
Break even of around 20,000 customers based on 08 expenses.. (but staff is pretty much doubling in 09)

Re: Xero to Double Customer Numbers in Six Months

Terry — Mon, 30 Mar 2009 17:33:33 -0000

Amazing growth by Xero!

3000 to 6000 in 90 days!

Last year April 1st - May 10th had the most sign ups per day of all periods
AND this year Australia Change over period will come just after this!

Congrats Xero!

Re: Xero to Double Customer Numbers in Six Months

Joel Barkley — Mon, 23 Mar 2009 18:08:16 -0000

I have stumbled across Telecom banner advertisements on both Stuff.co.nz and sharetrader.co.nz - which are promoting the Xero service. Interesting strategy, adds credibility to the Xero brand for those who have not heard about it from us very happy customers.

One week till Xero announce their market update, which should include customer numbers as of March 31st. If this figure exceeds my expectations I will look to pick up a bit of a holding, as once the SaaS business model passes break-even - profits grow exponentially.

Re: Xero to Double Customer Numbers in Six Months

samstewartnz — Thu, 19 Feb 2009 15:43:48 -0000

You are right Joel 4,400 @ 31 March is a conservative estimate. I expect Xero to exceed it but by how much I have no idea. At 25 new customers a day they will be in the vicinity of 5,000 customers.

Sam

Re: Xero to Double Customer Numbers in Six Months

Joel Barkley — Thu, 19 Feb 2009 14:58:50 -0000

Nice update, the press releases over the next few months are going to be VERY interesting...

I think 4400 customers @ March 31st is an extremely cautious prediction. - thats only 10 a day over what will be the busiest month for NZ sign ups.

25 a day is very realistic