XERO LOSS GROWS ON SALES SURGE
- Tuesday, 20 November 2012
- News and Analysis
Cloud accounting software vendor Xero has reported that its net loss for the six months ended September 30 grew by 89 percent. But revenue for the same period was up 119 percent and its customer base rose by 115 percent. The still small New Zealand company lost about $5.7 million on roughly $14.1 million in revenue in the first half of fiscal 2013.
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