You can select "Xero - software company" as a search term. Doesn't change much.
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What I'd like to see from Xero is a run on the numbers showing how they can turn a profit and grow, be it now, 2 years time, 5 or 10 years time.
Once they're big, how much ROI am I going to start seeing pa?
Xero's strategy is to get world domination. Evil Knievel didn't hit the brakes while going up the ramp and I don't think Xero will either. Like Knievel, we will either see a perfectly executed strategy and Rod will salute the world like a hero or they will crash and burn. I'm happy to watch from the sidelines, it is quite exciting.
NIce shre price increase by Xero yesterday - anyone know why?
NIce announcement from Xero today - even closer integration with Shopify - the largest e-commernce platform for small business in the world.
Sort of denying it then, but here it is, an article about their GOAL.
http://paulwallbank.com/2015/09/23/x...ing-challenge/
https://www.xero.com/blog/2015/09/pr...r-new-zealand/
No doubt this will generate howls of outrage, but will no doubt be welcomed by shareholders (as long as it doesn't lead to increased churn). You'd have to hope they have done their market research before dropping this (especially after essentially increasing the cost for those with payroll).
It is still cheap for what it provides (in my view - an extra $60 a year isn't going to break the bank, given the improvements will save any business owner more than 1 hour a year) but on the other hand, it is in a competitive market so you need to compare the price to its competitors. Expect a bit of churn but existing users are locked in in the sense is it really worth changing suppliers for a few dollars. New sign ups a different issue.
just to clarify- that's based on a scenario where every customer was on the standard plan, which won't be the case.
Will be interesting to see the half-year update next month. Any predictions? If I recall correctly, at the AGM they said they had gained 50,000 new customers in 10 weeks. That was end July and they were on around 540,000. Based on that information, 575,000-590,000 seems like a par score. The most interesting part will be the breakdown. I expect most analysts will be looking at the US numbers. I'll be more interested at this stage on how the UK is tracking.
It's a bit more complicated than that. Starter and standard pricing are up by 10% but premium is coming down in price because payroll is being "unbundled" from October.
Looks like it'll be $10 p/m to get payroll for 1 employee and $1 p/m per additional employee.... so not only are you paying more, but you're getting less for it.