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Xero doubles full year losses

Author
Sam Thompson ,
Publish Date
Fri, 24 Apr 2015, 12:31PM
Rod Drury, boss of Xero (Getty Images)
Rod Drury, boss of Xero (Getty Images)

Xero doubles full year losses

Author
Sam Thompson ,
Publish Date
Fri, 24 Apr 2015, 12:31PM

Accounting software business Xero has almost doubled its full year loss.

This is despite lifting revenue 77% as it continued to ramp up its global expansion.

Xero recorded a full year loss of $69.5 million - up from $35.5 million a year ago.

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