Xero hits record after new hire

TOM PULLAR-STRECKER
Last updated 17:37 15/01/2014

Relevant offers

Industries

Hawke's Bay's Elephant Hill winery founder Roger Weiss dies in Germany Willis St office floor an affordable CBD opportunity Kapiti Coast land and buildings, leased by Countdown Otaki, sells for millions H&M criticised over garment factory workers' conditions Nigel Latta: The NZ paradox - why are we poorer despite doing everything right? Cargo, container increase drives Port Nelson $18 million operating profit NZ renters are shut out of the housing market - Labour 'Bring it on': The Warehouse boss Nick Grayston says to rivals Yahoo nightmare continues for Spark customers Coca-Cola Amatil's new juice factory produces 800,000 bottles a day

Xero shares have risen almost 7 per cent to a record high of $42.70 during late trading on the NZX, valuing the software firm at more than $5.4 billion.

Only Fletcher Building, with a market value of $6.2b, is worth more.

Xero's previous high was $41.50, which it hit during intraday trading in November, but it has never closed above $40.

Xero said today that Chorus sales and marketing boss Victoria Crone would take up a sales role with Xero as managing director of the cloud software firm's New Zealand business.

Crone spent 15 years at Telecom before joining Chorus in 2011. She masterminded the Gigatown broadband competition in which Chorus is offering gigabit-broadband to one New Zealand town.

Xero said Crone would join the company in April as a key member of its global sales leadership team.

It said its workforce had grown by 90 over the past three months and now numbered more than 600.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content