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Shopify Profit Jumps as Merchant Sales Drive Revenue Growth
Shopify SHOP 7.05 %increase; green up pointing triangle reported a surge in second-quarter profit with sales that topped forecasts and set a strong outlook for the next quarter, as the ecommerce giant taps into growth from its merchants across North America, Europe, and Asia.
Shopify on Wednesday posted net income of $906 million, or 70 cents a share, up from $171 million, or 13 cents a share, in the comparable quarter a year ago.
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