May 9, 2018 / 10:41 PM / 15 days ago

Australia's Xero reports smaller annual loss on growth in subscribers

May 10 (Reuters) - Accounting software firm Xero Ltd reported a smaller annual loss on Thursday helped by a rise in customer numbers. The company’s net loss narrowed to NZ$27.8 million ($19.28 million), in the year ended March 31, from a loss of NZ$69.1 million, a year earlier. Total revenue for the full-year rose about 38 percent to NZ$406.6 million.

$1 = 1.4418 New Zealand dollars Reporting by Nicole Pinto and Aditya Soni in Bengaluru Editing by Chris Reese

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