CORRECT Xero doubles annual sales as customer numbers surge, sees FY loss below $15 mln

Thu, 04 Apr 2013

(Fixes Australian customer numbers if 5th graph, adds share price in 4th graph) By Paul McBeth April 5 (BusinessDesk) - Xero, the $1.33 billion cloud-based accounting software firm that’s yet to turn a profit, doubled annual sales as its customer numbers continued to surge and said it expects an annual loss of below $15 million. The Wellington-based firm doubled operating revue to $39 million in the 12 months ended March 31, meeting its own target, with customer numbers climbing to 157,000 from 78,000 a year earlier, it said in a statement...

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