Xero hits 600k subscribers


computerworld.com.auXEO CEO Rod Drury.

New Zealand’s Xero now has more than 600,000 subscribers to its cloud-based accounting software, the company announced today.

Subscriber numbers grew 60 per cent in the 12 months to 30 September, Xero said.

At the end of September 2014, the company had 222,000 subscribers; by the end of H1FY16 the number had grown to 593,000.

The North American subscriber segment grew 114 per cent during the six months to the end of September 2015, Xero said.

The ASX-listed SaaS provider today reported subscription revenues of NZ$89.8 million for the half.

Read more at computerworld.com.au




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