XRO
31/03/2015 09:57
GENERAL
PRICE SENSITIVE
REL: 0957 HRS Xero Limited
GENERAL: XRO: Xero reaches 200,000 paying Australian customers
MARKET RELEASE
Xero Limited (XRO)
31 March 2015
Xero reaches 200,000 paying Australian customers
Xero Limited (XRO) today announced 200,000 paying customers on its platform
in Australia. The latest customer milestone comes just five years after Xero
first set up in the market to service small businesses in Australia.
"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," said Chris Ridd, Xero Australia Managing
Director. "Xero is innovating rapidly in the accounting software space,
releasing more than 400 customer-facing updates in 2014 and 150 so far this
year."
"We've heard so many great stories of how Xero has helped small businesses
and accounting practices across the country grow and thrive. All of our
customers are truly on the cloud; they can access their Xero accounting
information online without needing to install software, or relying on local
backups that can get lost or become corrupted."
Sarah Hamilton, CEO of beauty subscription service and online store bellabox,
were recommended to use Xero over their old accounting software.
"I can't imagine bellabox without it -- it's been integral to our success and
rapid growth over the past five years," she said. "It's given us a lot more
control and transparency over the business, and the functionality is amazing.
I now have a much better understanding of the bottom line of the business."
Xero has now grown to 200,000 paying customers in Australia, up from 158,000
at 30 September 2014, and 109,000 at 31 March 2014.
"We believe we are now truly in the early majority phase of adoption," Ridd
said. "We expect to see significantly more small businesses upgrade from
traditional accounting products in the coming months and years."
"Xero allows us to remain competitive," said Paul Fiumara, partner at
Brisbane-based accounting firm DFK Hirn Newey. "It means we don't have to
spend as much time working on the mundane things as we used to. We can
therefore use that saved time to do more proactive things for our clients,
which they get better value out of."
On 24 April 2015 (NZT), Xero will release its preliminary (unaudited)
financial results for the year ending 31 March 2015.
Media Contact
Marina Holmes
Senior PR & Social Manager
[email protected]
+61 416 663 396
Chris Ridd
Xero Australia Managing Director
[email protected]
+61 414 987 026
About Xero
Xero is beautiful, easy to use online accounting software for small
businesses and their advisors. The Company has over 400,000 paying customers
in more than 180 countries around the world. Xero is listed on the NZX and
ASX. See www.xero.com
End CA:00262516 For:XRO Type:GENERAL Time:2015-03-31 09:57:09
