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Xero draws massive profits in pandemic


Xero s Wellington office.
Photo: Supplied.
The profit for the year ended March increased to $19.8 million from $3.3m the year before.
Revenue was up 18 percent to $848.8m, and the company added 456,000 new subscribers around the world to reach a record 2.74m subscribers.
Xero chief executive Steve Vamos said Covid-19 and associated lockdowns had initially squeezed its business, but the second half of the year had proved to be a catalyst for a record number of small firms to sign up for its online accounting and financial management products.
The past year has brought home to many people in small business the need to understand in real-time their financial position and how it may change. ....

New Zealand , United Kingdom , Steve Vamos , New Zealand Based , Radio New Zealand , Ublic Radio , Urrent Affairs , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , ஸ்டீவ் வாமோஸ் , புதியது ஜீலாந்து அடிப்படையிலானது , வானொலி புதியது ஜீலாந்து ,

Small business showing promising signs: Xero


Small business showing promising signs: Xero
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Trading at City Wine Shop in Melbourne’s CBD showed solid improvement over the March quarter but recovery from the pandemic is still proving very uneven, owner Con Christopoulos says.
Con Christopoulos says finding employees is proving almost impossible. 
Elke Meitzel
“People assume we’re fine because we’ve had a lot of support. But the support’s gone now and many businesses are in freefall, others are doing OK because there’s plenty of money about. It’s very hit and miss,” he said, adding three of his venues would likely remain closed until later this year. ....

New Zealand , United Kingdom , Trent Innes , Steve Vamos , Small Business Insight , Australian Financial Review , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , ட்ரெண்ட் இநெஸ் , ஸ்டீவ் வாமோஸ் , ஆஸ்திரேலிய நிதி விமர்சனம் ,

How New Zealand's small business economy is faring a year after Covid began


How New Zealand s small business economy is faring a year after Covid began
4 May, 2021 05:00 PM
4 minutes to read
Steve Vamos, chief executive of Xero. Photo / Supplied
Aimee Shaw is a business reporter focusing on retail, small [email protected]@AceeyShaw
New Zealand s small business economy has fared better than Australia s and Britain s through the recovery over the past year, according to new data.
According to insights from Xero s Small Business Index launched today, small and
medium-sized firms continued to recover from the economic impact of the pandemic during March.
The index - which replaces the software company s previous Small Business Insights metrics, rose by 17 points to 122 points, up 16 per cent on February s result. This is up from an all-time low of 18 during the height of disruption last year. ....

New Zealand , United Kingdom , Steve Vamos , Small Business Index , Small Business Insights , Australian Small Business Index , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , ஸ்டீவ் வாமோஸ் , சிறிய வணிக குறியீட்டு , சிறிய வணிக நுண்ணறிவு ,

'Now is the moment': Business summit energised by change


‘Now is the moment’: Business Summit energised by change
The Australian Financial Review Business Summit captured a corporate sector energised by the nation’s success in dealing with the pandemic and determined to use it as a burning platform for change. 
A big crowd greets Prime Minister Scott Morrison at the Financial Review Business Summit.  
Louie Douvis
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The buzz was unmistakable.
You could sense it in the registration line and the coffee queue. You could feel it in the enthusiastic greetings and broad smiles. You could see it in the 300 eager faces packed into the ballroom of Sydney’s Hilton Hotel, waiting for Prime Minister Scott Morrison to kick off The Australian Financial Review Business Summit. ....

Susan Lloyd Hurwitz , Cola Amatil , Graham Winkelman , Frank Calabria , Gladys Berejiklian , Steve Vamos , Alison Watkins , Dominic Lorrimer , Rob Scott , Andrew Hinchcliff , Wesfarmers Rob Scott , Tom Seymour , Anthony Eisen , Commonwealth Bank , Origin Energy , Energy Australia , While The Business Council , Business Council , Coca Cola Amatil , சூசன் லாயிட் ஹர்விட்ஸ் , கோலா அமட்டில் , கிரஹாம் வீங்கெல்மன் , வெளிப்படையான கலாப்ரியா , ஸ்டீவ் வாமோஸ் , அலிசன் வாட்கின்ஸ் , கொள்ளை ஸ்காட் ,