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Xero Raising U.S. Prices

Plus sign green Xero is raising prices for its business edition in the United States and Canada, the company said this week.

That announcement came as the New Zealand-based cloud accounting company said North American subscriptions rose by 15 percent year-over-year to 354,5000 when the second half ended on September 30

During this week’s earning webcast, CEO Steve Vamos said the increases were to take effect in the middle of the month. He did not specify the size of the increase.

North American revenue was about $27 million for the most recently ended period, an increase of 44 percent, 30 percent in constant currency. Total revenue for the first half reached $420.7 million, rising 30 percent, 27 percent in constant currency.

Worldwide subscriptions increased by 483,000 to slightly less than $3.5 million, up 483,000.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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