Intuit on track to overtake Xero outside the US

Sun, 25 Aug 2019

By Jenny Ruth Aug. 26 (BusinessDesk) - United States-based Intuit increased its subscribers in the US at a steady pace in its fourth quarter but increased momentum in gains outside the US, suggesting it may soon overtake Xero as market leader. Xero’s arch rival in providing accounting software grew overall subscribers 33 percent to more than 4.5 million in the year ended July, up from 4.2 million at the end of April. Growth in US subscribers was 25 percent to more than 3.2 million, the same as in the third quarter but down from the sec...

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