XERO REVS RISE FASTER THAN LOSS

Rod Drury, XeroResults at cloud vendor Xero continued to show sharp changes for the young company. The loss for the New Zealand-based company grew by about 82.3 percent, but revenue slightly more than doubled. The loss for the year ended March 31 was about $13.9 million while revenue reached $37.6 million. The news in the United States was good for Xero although it does not separate out totals for this country. Read more...

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