Xero operating cash-burn drops sharply in first-half earnings

Wed, 07 Nov 2018

By Pattrick Smellie Nov. 8 (BusinessDesk) - Cloud accounting software provider Xero has continued its relentless march towards cashflow break-even in its first half result. But the company isn't yet talking about when it might achieve bottom-line profit. Cash-burn on operations (the rate at which a company is spending its capital to finance its overheads) dropped significantly in both absolute and proportional terms in the six months to Sept. 30, allowing the company to double its pre-impairments operating earnings surplus for the half-ye...

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