Xro - xero

[Longhaul]

Yes a good sign, success is pivotal on getting good relationships with the banks over there. Seems they are a few years behind the rest of the world.

Here's some other interesting news regarding revenue multiples for SaaS companies - worth a read for Xero holders.

http://tomtunguz.com/major-saas-acquisitions-mid-2016/

[Harvey Specter]

So Demandware at 12x revenue with 43% growth. Xero is 13x revenue with over 50% growth.

[Longhaul]

So Demandware at 12x revenue with 43% growth. Xero is 13x revenue with over 50% growth.

Yeah so Salesforce paid $2.9 billion USD or roughly $4.3 billion NZD. XRO MCAP currently $2.6 billion NZD....

[RGR367]

On ASB Dashboard: MorningStar initiating coverage of the company with a HOLD valuation of $21

[RGR367]

On ASB Dashboard: MorningStar initiating coverage of the company with a HOLD valuation of $21

Not pay walled on NBR: http://www.nbr.co.nz/article/xero-tu...dicts-b-190791

[RGR367]

Pay walled but the heading says it all: http://www.nbr.co.nz/article/shares-...sh-jr-p-191272

[RGR367]

Rod on the AGM mentioned that hitting 1M customers would be easy this year end. Shall we all hold him accountable for that statement? I definitely will.

[mikeybycrikey]

Rod on the AGM mentioned that hitting 1M customers would be easy this year end. Shall we all hold him accountable for that statement? I definitely will.

Stuff are reporting that as being a year from today, rather than the end of the financial year. http://www.stuff.co.nz/business/8224...annual-meeting. Based on prior growth that certainly seems achievable but I think getting it by 31 March will be a stretch and probably highly unlikely.

I didn't see the video of the AGM but in a change from the past Xero don't seem to be trumpeting their current subscriber numbers, only figures from 31 March. Is that correct or have I missed something?

[RGR367]

Stuff are reporting that as being a year from today, rather than the end of the financial year. http://www.stuff.co.nz/business/8224...annual-meeting. Based on prior growth that certainly seems achievable but I think getting it by 31 March will be a stretch and probably highly unlikely.

I didn't see the video of the AGM but in a change from the past Xero don't seem to be trumpeting their current subscriber numbers, only figures from 31 March. Is that correct or have I missed something?

He did not specifically say "financial" year end so we just have to wait too when they put up the video at the website. But yes, all mentioned about customers are at March 2016.

[RGR367]

He did not specifically say "financial" year end so we just have to wait too when they put up the video at the website. But yes, all mentioned about customers are at March 2016.

And here's what NBR has to say. Not pay walled: http://www.nbr.co.nz/article/xero-be...-year-b-191848