Xero first-half loss more than doubles, losses to grow with new customers

Wed, 20 Nov 2013

By Paul McBeth Nov. 20 (BusinessDesk) - Xero, the cloud-based accounting software company that’s now the second-biggest listed company more than doubled its first-half loss as it continues its drive for global domination Unprofitable by design as it grabs market share,Xero says it sees faster sales growth and more red ink for the rest of the year. Wellington-based Xero’s net loss widened to $17.1 million, or 14 cents per share, in the six months ended Sept. 30, from $7 million, or 7 cents, a year earlier, it said in a statement after the c...

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