Hero to Xero, page-128

That article is written by a freelancer for their free site, the one I posted is by one of their professional investment teams that recommends the stock to paid members.

And your first point is not true when it comes to high growth, globally focused tech companies. Amazon has a market cap of US$245 billion and is still not yet at the point where it is seeking to maximise profits. Its profits are irregular and small. Salesforce, a much more similar company to Xero (their former CFO is a XERO board member) has a current market cap of US$46.7 billion and has yet to post a single profit. We don't have these sort of stocks in Australia and so people think in the same way you do, which is great because it provides an excellent opportunity. But the people in America get it. Which is why Xero recently raised US$100 million from Accel Partners at US$20 a share.