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Xero Tops 1 Million Subscribers

Thursday, Mar 30 2017
News
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Cloud software company Xero reported this week that it has topped the one-million subscriber level. The New Zealand-based publisher did not break down its user base by geography but should be expected to do that when it reports financial results for the year that ends this week.

Xero reported it doubled its subscriber base in less than two years, with nearly 300,000 users added in the last year. CEO Rod Drury noted that five-and-a-half years ago the company had 50,000 subscribers.

In contrast, rival Intuit reported 1,876,000 users for its QuickBooks Online as of January 31, the end of its second fiscal quarter. That company added nearly 620,000 subscribers from a year earlier.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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