Xerocon 2014

I attended Xerocon late last week, and there were some interesting facts which came out that I thought you’d like to be aware of:

• Total Xero customers 250,000, that’s up 100,000 from this time last year.  In 31 March 2007, they had 204 customers        

• NZ has 90,000 customers, bigger than MYOB-70,000 customers. A lot of growth at MYOB expense, since MYOB figure known    
      
• NZ has 400,000 business entities, of which Xero provides 23% of the market
      
• Cash in Bank $221,000,000
      
• 650 staff, up from 300 in 31 March 2013
      
• 17 offices internationally
      
• Productive time via the internet 99.9%
      
• 60% of Xero Revenue comes from overseas
      
• Has put a proposal to IRD, where Xero invests in software to follow the rules as laid out by IRD, saving NZ taxpayer 1.3billion
      
• Only 144 Gold partners nationally, of which we are one
      
• The current trend in the market is volatility, and a new term has emerged called a “Clipetitor” which sees firms moving into each others traditional markets

• Doing business in the Cloud being seen as the most disruptive technology ever – Forbes Magazine

 

Farming Statistics

• NZ farmer receives 1% of income from Government subsidies, Norway receives 61%
      
• OECD average is 18%
      
• NZ has 75.6 litres of water per capita, where China has 2.1 litres, Asia 3.5 litres and Africa 5.6 litres
           
• 96% of all rain fall in the South Island goes out to sea