XERO REV GROWTH OUTPACES LOSS
- Friday, 05 April 2013
- News and Analysis
Still small Xero remained on a fast growth path for the year ended March 31. The company’s loss is expected to grow by 89 percent for fiscal 2013, but its revenue doubled over the results for 2012. The New Zealand company issued a preliminary report this week in which it said that the loss for the full year would be similar to that in the first half, which meant the red ink would come in around $12.6 million for the most recently ended fiscal year.
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