Xero's first-half net loss widened 50 percent but its revenue jumped 85 percent as the company continued to invest in growth.
Rod Drury. Photo: RNZ / Diego Opatowski
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The accounting software company's net loss for the six months ended September rose to $24.5 million while sales hit $52 million.
Annualised committed revenue was up 87 percent to more than $132 million.
Founder and chief executive Rod Drury was forecasting subscription revenue growth of 80 percent for the full year and said adding payroll capability should help fuel sales further.