Xero Limited
(ASX:XRO) recorded a net loss of NZD$82.5 million in the 12 months to 31 March 2016.
The result marks a NZD$12.9 million increase over the previous year as Xero acknowledges continued investment in scaling its global business.
The company said operating revenue increased 67 percent to NZD$207.1 million compared with a year earlier.
The cloud accounting firm said it is managing the business to cash flow break-even within its current cash balance.
