Xero share price tumbles on half-year loss
Accounting software-as-a-service business is focused on growing in competitive North America and UK markets.
Outgoing Xero CEO Steve Vamos, speaking at a conference.
Xero’s share price has fallen more than 12% so far today after the company announced a CEO switch and a widened loss for the half year to the end of September.
The Wellington-based, ASX-listed software-as-a-service company reported product design and development expenses have continued to increase
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