Cash flows in but Xero loss widens
Chief executive describes result as 'strong,' shares gain
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NBR Focus: The Accountants 2024
Higher debt costs drove an increased loss for accounting software company Xero in the year to March, countering the benefits of revenue and subscriber growth.
In an announcement to the ASX, Xero said its net loss was $27.1 million, a deterioration on its $24.9m loss a year earlier.
A major
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Tim Hunter
Thu, 16 May 2019
Thu, 16 May 2019
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Cash flows in but Xero loss widens
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