MYOB Group Limited
(ASX:MYO) has seen its first half loss stretch by 122 per cent to $65 million, a figure which does include the costs of its IPO.
The accounting software company says revenue was up for the half by 14 per cent to $161 million.
The headline stat from the company was its record uptake of SME cloud solutions to 142,000 in June.
The company has 528,000 paying users which is ahead of prospectus forecasts.
CEO Tim Reid says there was always going to be a lot of attention on the result being its first post IPO but he is delighted having exceeded expectations.
The company won’t pay a dividend.
