There is always the glass half-empty, half-full view. In cloud software, it tends to be unimportant if there is water in the glass as long as there's a big glass for lots water in the future. So when Xero reported its results for the year ended March 31, the question of how much it lost is probably not the most important issue as we've learned from NetSuite. It's about grabbing market share for cloud products. This is not a flip argument. Remember when Amazon wasn't making any money and that was a major issue.