Half year results: Xero’s momentum continues in all markets

The Xero Interim Report with half year numbers has been released today. You can download the report here.

Should be no surprises. After our $180m raise last year we deployed capital to substantially grow the team to over 1000 Xero’s. We’re a good size now so expect the hiring rate to slow down. We’ve spent a lot of the last six months hiring and onboarding with our capability increasing significantly. Our business truly is running across the bridge as you’re building it.

While so much of our focus has been building the team, we’re very proud to fly past $US100m Annualized Recurring Revenue at such high growth rates.

There is a lot of focus on the US market. We are making good progress on building our leadership team there and are excited to announce three new senior executives:

• John Forrester, VP of US Marketing
• James Maiocco, GM of Business and Corporate Development
• Angus Norton, Chief Product Officer

We’re building an exceptional team.

As always, happy to answer any questions in the comments below.