Xero's million customer milestone confirms getting to breakeven is within sight

Thu, 30 Mar 2017

By Jonathan Underhill March 30 (BusinessDesk) - Xero, the cloud-based accounting software firm, says it reached a milestone of signing up 1 million customers just ahead of its March 31 year-end, keeping intact market expectations it will achieve its first-ever profit in 2019. Chief executive Rod Drury declined to give an update on the outlook ahead of the release of the full-year results in May. Subscriber growth had continued "in all markets" in the second half, with "just amazing numbers" in its largest regional market of Australia and...

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