Xero Australia managing director Chris Ridd said Xero has grown to 200,000 customers in Australia as of 31 March, up from 158,000 customers at 30 September last year and 109,000 customers at 31 March 2014.
Ridd said the “the speed at which Australian small businesses have adopted Xero shows they want accounting software that is beautiful, easy to use, and can be operated from anywhere, on any device.”
According to Ridd, the company has been “innovating rapidly in the accounting software space, releasing more than 400 customer-facing updates in 2014 and 150 so far this year”.
“We believe we are now truly in the early majority phase of adoption. We expect to see significantly more small businesses upgrade from traditional accounting products in the coming months and years.”