MYOB adds 57% more subscribers in 2018 but total online customers still lag Xero's

Thu, 21 Feb 2019

By Jenny Ruth Feb. 21 (BusinessDesk) - Accounting software firm MYOB has been adding online customers at more than twice the rate of arch-rival Xero but its total subscriber numbers are still two-thirds of Xero’s numbers for Australia and New Zealand. MYOB added 229,000 online subscribers in calendar 2018, a 57 percent increase, taking total online customer numbers to 628,000 and chair Justin Milne says the company is on track to reach 1 million online subscribers in 2020. That compares to Xero’s Australasian customer numbers of 981,00...

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