Shopify Wows With Quarterly Revenue


Shopify’s quarterly numbers sound like the good old days of Silicon Valley North.

The Ottawa-based e-commerce giant brought in revenues of $130.4 million in the fourth quarter ending Dec. 31, 2016, representing an 86-per-cent increase from the same period a year previous.

“I don’t think public companies grow at a 90-per-cent annual rate, so it’s been very fun to pull it off,” said CEO Tobi Lutke during the company’s earnings call.

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One thought on “Shopify Wows With Quarterly Revenue

  1. I think it is the growth of the company that is wowing investors. It can’t be earnings, because the company still isn’t profitable, unless the losses were less than expected.


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