E-commerce firm Shopify Inc. (NYSE: SHOP) Wednesday reported a double-digit enhance in second-quarter revenues, reflecting robust efficiency by each working segments.
June quarter revenues climbed 21% year-over-year to $2.05 billion, with gross sales on the Subscription Options and Service provider Options segments rising 27% and 19% respectively.
The corporate reported internet earnings of $171 million or $0.13 per share for the second quarter, in comparison with a lack of $1.31 billion or $1.02 per share within the prior-year interval.
“We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share, and concurrently expanded our free cash flow margin. We delivered across every metric,” mentioned Jeff Hoffmeister, CFO of Shopify.