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Ontario-based Shopify (NYSE:SHOP) recently reported its first quarter results that continued to outpace market expectations. The company is leveraging AI solutions to drive end consumer sales through its platform. Shopify's Financials Shopify's first quarter revenues grew 27% to $1.5 billion, ahead of the market's forecast of $1.44 billion. On an adjusted basis, earnings were $0.05 per share, surpassing the market's forecast of a loss of $0.04. By segment, subscription revenues grew 11% to $382 million. Merchant solutions revenue rose 31% to $1.1 billion. Among other metrics, gross merchandise volume (GMV) rose 15% to $49.6 billion in the quarter. Gross Payments Volume (GPV) grew 24% to $27.5 billion. Like the previous quarter, Shopify did not provide a forecast for the quarter. Shopify's New Offerings Recently, Shopify launched Commerce Components by Shopify (CCS), that combines access to Shopify's foundational, high-performing components in addition to f ....
For Fiscal 2023, total revenue grew to $730.5 million or 33% , with annual Net Retention Rate4 of ~110%1234Total revenue for the quarter grew 26% YoY to $184.2 million Adjusted EBITDA loss. | May 18, 2023 ....
/CNW Telbec/ - Lightspeed Commerce Inc. ("Lightspeed" or the "Company") (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants around the world. ....
Shopify Reports Second-Quarter 2022 Financial Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.