Shopify tops expectations, reports Q4 revenue up 71 per cent from year ago

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Shopify Inc. put out a better-than-expected fourth quarter as its revenue jumped 71 per cent beared with a year ago.

The e-commerce company, which keeps its books in U.S. dollars, says it gone $3 million or three cents per share in the last three months of 2017.

That rivaled with a loss of $8.9 million or 10 cents per share a year earlier.

Take totalled $222.8 million, up from $130.4 million.

On an adjusted base, Shopify says it earned $14.7 million or 15 cents per quota for the quarter compared with an adjusted loss of $400,000 or zero cents per quota in the fourth quarter of 2016.

Analysts on average had expected an adjusted profit of five cents per equity and $209.3 million in revenue, according to Thomson Reuters.

«That our commercial travellers sold more in the fourth quarter than in all of 2015, achieving one billion dollars of this in virtuous four days, speaks to how far we have come in the past few years,» Shopify chief monetary officer Russ Jones said in a statement.

«Our leadership role in traffic, together with the scale we have achieved, position us well to spend in our next phase of growth: one marked by expansion of our capabilities upmarket and down, in retail, in our ecosystem, and internationally.»

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