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The CEO just stated in that AFR article they are aiming for 1m customers in 5years. Well we know the revenue from 1m customers isnt going to be 1.6B , because the market cap of the company is priced for that now.
As for the competition , they are just warming up . They have most of the clients now and with their new cloud offering they should retain them. Currently Xero is signing up 300 a day , if they want to reach 1m in 5years they need to boost that number dramatically. I hope you make a killing based on your predictions.
http://www.smh.com.au/small-business/finance/myob-versus-xero-the-test-20140210-32bwm.html
