Steve Vamos
- CEO at Xero
GetLatka interview
How Xero Reached a NZ$600M (About US$450M) Run Rate and 1.6 Million Subscribers with 1% Monthly Churn (Interview with CEO Steve Vamos)
Steve Vamos (CEO of Xero) spoke to Nathan Latka on January 9, 2019.
Xero figures from the interview
- Revenue Run Rate (AMRR), converted from about NZ$600M (2019)
- $450M
- Subscribers (2019)
- 1,600,000
- Monthly Churn (2019)
- 1%
- Gross Margin (2019)
- 83%
- Team Size (2019)
- 2,500
“We're born in New Zealand. We are New Zealand headquarters. It matters a lot to our New Zealand stakeholders to always remember that.”
“In Australia and New Zealand 40% of small businesses have been penetrated with cloud accounting. We are the major player in Australia whereas the rest of the world that penetration is around 20 or less.”
“Annualized monthly revenue. So if you annualize our monthly revenue at 12, which is AMRR is the language we use in SaaS, we're about 600,000,000 New Zealand dollars which is around $450,000,000 US dollars.”