Chief Executive Sukhinder Singh Cassidy said the New Zealand company will “focus on Xero’s key levers of growth.” Photo: s. cassidy/anastasiia sapon/ReutersSYDNEY— Xero swung to a first-half profit and maintained its full-year expense target after the cloud-accounting software provider lifted revenue by 21%. The New Zealand-based company on Thursday reported a net profit of 54.1 million New Zealand dollars (US$32.1 million) for the six months through September, compared with a NZ$16.1 million loss a year earlier.

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Persons: Sukhinder Singh Cassidy, cassidy, anastasiia sapon, Reuters SYDNEY — Xero Organizations: New, Reuters SYDNEY, Zealand, NZ Locations: New Zealand, Zealand