Shopify reports US$171 second-quarter profit, revenue up 21% from year ago

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Shopify reports US$171 second-quarter profit, revenue up 21% from year ago
The Canadian Press
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OTTAWA — Shopify Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue increased 21 per cent.

The e-commerce company, which keeps its books in U.S. dollars, reported net income of US$171 million or 13 cents US per diluted share for the quarter ended June 30.

The increase came as subscription solutions revenue totalled US$563 million, up from US$444 million a year ago, while merchant solutions revenue amounted to US$1.48 billion, up from US$1.25 billion.In its outlook for its third quarter, Shopify says expects revenue to grow at a low-to-mid-twenties percentage rate on a year-over-year basis.A member of the Australian Olympic field hockey team was taken into custody in Paris after trying to buy cocaine, prosecutors said Wednesday.

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Gaxos to Participate in Upcoming Devcom and Gamescom Conferences on August 18th to 25th in Cologne, Germany BERKELEY HEIGHTS, N.J., Aug. 07, 2024 -- CorMedix Inc. , a biopharmaceutical company focused on developing and commercializing therapeutic products for life-threatening diseases and conditions, today announced that it will report its financial results for the second quarter ended June 30, 2024, before the market opens on Wednesday, August 14, 2024, and will host a corporate update conference call at 8:30am Eastern Time.

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Shopify reports US$171 second-quarter profit, revenue up 21% from year agoShopify reports US$171 second-quarter profit, revenue up 21% from year agoOTTAWA — Shopify Inc. reported a profit in its latest quarter compared with a loss a year ago as its revenue increased 21 per cent. The e-commerce company, which keeps its books in U.S.
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