The accounting software firm Xero says it will triple its revenues this financial year, because of a big rise in customer numbers.
The company now has more than 17,000 users, compared to 6000 the previous year.
Chief executive Rod Drury says its investment in its cloud computing model, whereby product can be accessed over the internet by customers at any time, is finally starting to pay off.
Mr Drury says the loss-making company is on track to break even for the first time in the 2011 financial year.
