Shopify revenue more than doubles on online boom

Shopify revenue more than doubles on online boom
Shopify revenue more than doubles on online boom Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters
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(Reuters) - Canada's Shopify Inc, thumped first-quarter revenue estimates on Wednesday, as its e-commerce platform profited from the past year's COVID-19 driven boom in online selling.

The company's revenue rose 110% to $988.6 million in the quarter, above analysts' estimate of $865.5 million, according to IBES data from Refinitiv.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Sriraj Kalluvila)

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