Xero Ltd - Company Profile
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Xero Ltd (Xero) is a provider of cloud-based accounting software for accountants and bookkeepers, small and medium-sized businesses. The company offers a range of accounting solutions that include bank transactions, invoices, reports, and sales tax. It also provides management reports, bank reconciliation solutions, accountant specific tools, invoicing solutions with full drill-through capability. The company provides small business owners and their advisors with access to real-time financial data on any device. Xero serves various industries, including retail, healthcare, manufacturing, startups, farming, hospitality, construction, e-commerce, small business, and real estate. The company has business presence in the US, Australia, New Zealand, Canada, Hong Kong, Singapore, South Africa, and the UK. Xero is headquartered in Wellington, New Zealand.
Headquarters
New Zealand
Address
19-23 Taranaki Street, Te Aro, Wellington, 6011
Website
www.xero.com/nz
Telephone
64 4 8194800
No of Employees
5,080
Industry
Technology and Communications
Ticker Symbol & Exchange
XRO (ASX)
Revenue (2022)
$887.7M
27.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-1145.7%
(2022 vs 2021)
Market Cap*
$11.6B
Net Profit Margin (2022)
XYZ
-877.1%
(2022 vs 2021)
* As of and is in US$
Xero Ltd premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Software: | Xero |
| Cloud-Based Accounting Software |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In February, the company launched its AI vision. |
| 2023 | Contracts/Agreements | In December, the company and Flinks entered into a partnership to provide small businesses in Canada and the US with secure access to above 20 direct bank connections and high-quality transaction data. |
| 2023 | New Products/Services | In November, the company released auto sales tax capability. |
Competitor Comparison
| Key Parameters | Xero Ltd | Intuit Inc | GoDaddy Inc | The Sage Group plc | Reckon Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | United States of America | United States of America | United Kingdom | Australia |
| City | Wellington | Mountain View | Tempe | Newcastle Upon Tyne | North Sydney |
| State/Province | - | California | Arizona | England | New South Wales |
| No. of Employees | 5,080 | 18,200 | 6,159 | 11,565 | 180 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sukhinder Singh Cassidy | Chief Executive Officer | Senior Management | 2022 | - |
| Kirsty Godfrey-Billy | Chief Financial Officer | Senior Management | - | - |
| Mark Rees | Chief Technology Officer | Senior Management | - | - |
| Damien Coleman | Chief Legal Officer; Secretary | Senior Management | - | - |
| Nicole Reid | Chief People Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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