Originally Posted by
Casino
Here are the highlights in case you don't have much time to read the full report:
Xero Limited (XRO) has emerged as the online accounting leader in New Zealand, Australia and
the United Kingdom and the number one challenger in the United States.
This gives the company confidence to invest substantially in the US market and new product development.
Xero continues to deliver features and innovation at a pace faster than the incumbents
In the past year incumbent competitors have delivered competing online accounting products or
major new versions. Xero believes these offerings demonstrate how difficult it is ... No other new entrant has had comparable resources to create the breadth of platform
that Xero has already delivered.
12. EVENTS AFTER THE BALANCE DATE
On 14 October 2013, Xero Limited raised $180 million of new capital at the price of $18.15 per share by issuing 9.92 million ordinary shares.
There were no other significant events after balance .