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Increased investment drives Xero NZ$69.5m net loss

Increased investment in product development has contributed to an annual net loss after tax of NZ$69.5 million for New Zealand cloud accounting software provider Xero, despite an 81 percent jump in subscription revenue during the financial year.

1 day ago by

Cloud software startup secures Dodo dollars

Australian cloud software startup ECAL is the first of three Australian tech startups to secure a share of AU$5 million in funding from the venture capital investment vehicle of Dodo Internet founder Larry Kestelman, Oxygen Ventures.

August 18, 2014 by

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