http://www.nzherald.co.nz/business/n...ectid=11291200
Another useful connection for Xero. Another step to becoming the go to financial solution for SMEs or whatever they call them now. Hopefully.
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http://www.nzherald.co.nz/business/n...ectid=11291200
Another useful connection for Xero. Another step to becoming the go to financial solution for SMEs or whatever they call them now. Hopefully.
Another update for QuickBooks and same old responses/comments from their users. When will these folks shift to using Xero or what's keeping glued to QB?
http://qboblog.com/whats-new-in-quic...linkId=8796709
Xero still has virtually no exposure in the US. I'm stateside right now and very few people have heard of it. QB is part of the furniture- a lot of people hate it but they've used it for years and it's familiar. Until Xero crack the market somehow, these guys will stick with what they know. Added to that, through lacking basic functionality like quotations and payroll in all but a few States, Xero still doesn't have its product in the right space to really take on the market.
The US will be a longterm and slow process for Xero- it shouldn't be seen as an overnight proposition or even one year and it's won.
Fair comment but I dont think Xero needs to be a household name in order to achieve its aims in the US, just a get a thin slice of the huge pie. So I think its best to monitor their quarterly uptake figures than it is to rely on word on mouth brand recognition (although the more of that the better of course). I doubt Xero is seeing this a quick win either, they have never espoused that as an expectation. I would expect the biggest growth in their next sales figures to be Aus and then the UK, which should shoulder the bulk of the growth until the US starts to catch on.
As a long term holder I sure hope they do. I just don't expect that the US will be massive any time soon. Personally, I'm more excited by the UK and Australia right now.
Now they don't seem to be issuing market updates every time they sign up a new customer, we might have to wait a bit longer to see how they're tracking. AGM next week will be interesting. Hope they stream it.
Any company with 100+ job openings is obviously bullish about the future. Watching with interest on the US numbers but also think conquering the UK is lucrative and can take the pressure of the US. Prefer the company to go up against the best and beat them to show they can play with the big boys. Thats why USA is so important to Xero.
For the sake of their US investors, I think they will focus on the US a lot more than the UK in the short term.
I would expect numbers at the AGM (though we just had some recently?), every time financials are disclosed (ie. every 6 months) and when the hit milestones (ie. 100k in a location of 1m total)