Xero a fifth of the way to its 1 million customer target

Thu, 29 Aug 2013

By Paul McBeth Aug. 30 (BusinessDesk) - Xero, the cloud-based accounting software developer, is a fifth of the way toward it vaunted one million customer mark as it makes inroads into the Australian market. The Wellington-based company crossed the 200,000 customer number, adding 7,000 in the last month and doubling its paying clients in 13 months, it said in a statement. Of that, Xero has built up 75,000 customers in Australia, up from 51,000 at the end of March. That implies the software developer has annualised revenue of about $66.3 mil...

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