Xero Executing to Plan

SAN FRANCISCO, CA — (Marketwired) — 04/05/13 — (Note: All Currency Is in United States Dollars and Results Are Unaudited)Xero continues to deliver on its high growth strategy, doubling full year revenue through March 31, 2013 to U.S. $32.0m. With Monthly Committed Revenue growing to $3.6m and a recurring revenue model the company commences the 2014 financial year strongly with $43m in annualized subscriptions.The loss for the second half of the year through March 31, 2013 is anticipated to b