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Investment
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Xero committed to growth as share price tumbles

Software-as-a-service company's shares drop more than 11%.

Will Mace Thu, 12 May 2022

Xero’s share price slumped more than 11% in trading on the ASX this afternoon as the company disclosed annual revenue reaching over $1 billion, but continued to tell the market it is reinvesting for growth with a bottom line loss of $9.1 million.

The Wellington-based accounting

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Will Mace Thu, 12 May 2022
Contact the Writer: william@nbr.co.nz
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Xero committed to growth as share price tumbles
Investment,
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