Xero's cash burn slowed in the December quarter
Xero's cash burn slowed in the December quarter and the company looks on track to exceed $200 million in annual sales.
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Accounting software firm Xero’s cash burn slowed in the December quarter, mainly because receipts from customers continue to climb, and the company appears set to easily meet its guidance for annual revenue above $200 million.
The cash burn slowed to $20.1m in the three months ended December from
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Jenny Ruth
Fri, 29 Jan 2016
Fri, 29 Jan 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Xero's cash burn slowed in the December quarter
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