Signups go from Xero to 250,000

TOM PULLAR-STRECKER
Last updated 05:00 21/02/2014

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Accounting software star Xero is a quarter of the way to chief executive Rod Drury's medium-term goal of signing up a million customers.

The company announced it had notched up 250,000 customers as nearly 900 accountants and software partners gathered for its annual "Xerocon" conference in Auckland today.

Xero said it had passed the milestone late last month.

Drury said he was pleased with the company's progress, given it took Xero five years to notch up its first 50,000 customers.

"In the last 12 months we've added 115,000. We are gaining real momentum," he said.

Xero announced late last month that with results in for the first three-quarters of its 2013-14 financial year, it was just on target to achieve the 80 per cent-plus annual sales growth Drury forecast at the company's annual meeting in August.

Chief revenue officer Stuart McLean has sold 6000 shares, Xero also announced to the NZX. Fairfax NZ

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