not sure if this is a good news. apparently she didn't do a good job when she's in Intuit.........
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just never see any smart marketing strategy from Intuit to stop Xero grabbing US customers : )
New Zealand based rival Xero was in London this week to outline its plans for the UK accounting software market, Sage's key strength. Analysts at Morgan Stanley issued an underweight rating on Sage after hearing what Xero had to say:
http://www.theguardian.com/business/...-concerns-xero
nice result, oz & us numbers are very encouraging!!!
First up - what the hell does 'Bango' mean.
NZ growth slowing but if it continues another year, will get to their NZ target. The other markets are still a few years off:
http://www.sharetrader.co.nz/attachm...4&d=1379475232
Rome wasn't built in a day. We all hopefully knew the markets outside NZ will take a few years to reach their targeted market share. Looks to me that the Big Goal of 1million customers is on track and the achieving this in first market (NZ) will be a tick in the right box. Australia should follow a year or so afterwards. imho.
Revenue figures moving nicely higher to point to a US listing, like has always been on the cards. US rollout (and UK) seem to be going well. All in all, I am comfortable with the continuing story.
Dellow - definitely on track - its just a matter of how long. Just comparing actuals with targets so people can work out the timeline. Still just over a 1/5 of the way but US should start to ramp up soon after their launch there.
Interesting that the cash burn was $13m in 3 months which means they only have 1 years cash at that rate. I wonder if staff costs will level off now or if they are still trying to ramp staff numbers?
I think timing is looking good... I predict NASDAQ in 18-24 months and hopefully by then the US numbers will be under steam and more meaningful. I really think the US listing will be the turning point for this stock because it will then be compared to its contemporaries (salesforce, workday, netsuite etc) rather than the stalwarts of the NZX, and I think Xero will do more than hold its own compared to those SaaS giants.