Industry News

Shopify’s Revenue Nearly Doubles as Covid-19 Pushes Shopping Online

By July 30, 2020 No Comments

Shopify Inc.’s revenue nearly doubled in the latest quarter, as the company benefited from the e-commerce boom spurred by the Covid-19 pandemic.

 

The Canadian company said it has seen more businesses signing up to use the company’s e-commerce platforms during the pandemic. Revenue surged to $714.3 million in the second quarter, up from $362 million in the year-ago quarter and above the analysts’ forecast of $511 million.

 

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