Saturday 19 November 2022 | No. 43
XU Biweekly The independent news source for Xero users, by Xero users
APP PARTNER OF THE YEAR: NZ WINNER
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PPROVALMAX IS THE XERO NZ APP PARTNER OF THE YEAR 2022. WE HAVE PREVIOUSLY WON THE SAME AWARD IN THE UK IN 2021 AND 2020, AND IN NEW ZEALAND IN 2020. The team behind ApprovalMax have been working tirelessly to improve all aspects of our app – from the user experience within the app itself, to the integration with Xero. And the work is paying off. It’s an honour to announce that Xero’s panel of external judges recognised our team’s efforts and awarded ApprovalMax the NZ App Partner of the Year for 2022. Xero published the following statement: “The judges respect [ApprovalMax’s] ongoing investment in the product experience they create for their customers by using and supporting new Xero enhancements. They said ApprovalMax’s high profile customer testimonials are a reflection of their commitment to training and enablement, streamlined onboarding, and a clear mission to provide a quality product.”
What does it mean to be Xero App Partner of the Year? Keep reading
By Steve Vamos, Xero
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ODAY WE ANNOUNCED XERO’S HALF YEAR FINANCIAL RESULTS TO 30 SEPTEMBER 2022 (H1 FY23).
Xero continued to deliver strong growth momentum with more small businesses placing their trust in our cloud technology and open platform to run their business and meet critical compliance needs. Our H1 FY23 performance highlights include operating revenue growing 30% (27% in constant currency) to $658.5 million, total customer lifetime value increasing 30% to $13 billion, and subscribers up 16% to 3.5 million. The environment small businesses are operating in around the world remains complex. They continue to navigate and adapt to increasing inflationary and interest rate pressures and challenges in accessing talent, while responding to the evolving needs of their customers. Times like these strengthen the case for small businesses to adopt cloud technology that enables their businesses...
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XERO ANNOUNCES CEO SUCCESSION, SUKHINDER SINGH CASSIDY APPOINTED By David Thodey, Xero
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HE BOARD OF XERO LIMITED (ASX: XRO) ANNOUNCES THE APPOINTMENT OF SUKHINDER SINGH CASSIDY AS XERO’S NEW CEO, FROM 1 FEBRUARY 2023. SUKHINDER WILL SUCCEED STEVE VAMOS WHO, AFTER SERVING ALMOST FIVE YEARS AS CEO, IS RETIRING FROM THE ROLE AND PLANS TO RETURN TO HIS PREVIOUS PORTFOLIO IN BUSINESS COACHING AND LEADERSHIP DEVELOPMENT AS AN ADVISOR, DIRECTOR AND INVESTOR. Sukhinder is an experienced Silicon Valley exec-
utive, with more than 25 years’ global leadership experience, including as President, Asia Pacific & Latin America at Google; President at StubHub; founder of theBoardlist; founder of Joyus, where she was CEO; and co-founder of Yodlee. She has significant public and private board experience with multiple companies. Xero Chair David Thodey commented: “As Xero continues to focus on achieving our global ambitions, we’re delighted to appoint someone of Sukhinder’s calibre as CEO to lead Xero through our next phase of growth. Sukhinder’s appointment
Saturday 19 November 2022
follows a rigorous global recruitment process where we considered a number of exceptional candidates.” Sukhinder will start at Xero on 28 November 2022. She will work closely with Steve to manage the CEO transition, with Steve remaining available to advise through to the end of May 2023. Mr Thodey continued: “Sukhinder is a purpose-driven and human-centred leader who is passionate about supporting our customers and is committed to growing and nurturing Xero’s unique and vibrant culture.”
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