Xero more than doubles first-half sales; ASX listing pencilled for next month

Mon, 01 Oct 2012

By Paul McBeth Oct. 2 (BusinessDesk) - Xero, the cloud-based accounting platform provider, more than doubled first-half sales and expects to list across the Tasman next month as it boosts its operations in Australia. Operating revenue will be north of $16.7 million in the six months ended Sept. 30, up from $7.9 million a year earlier, the Wellington-based company said in a statement. Its annualised monthly committed revenue accelerated to $38.7 million at the end of September, from $34.5 million flagged at its July annual meeting. Xero is...

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