3 Key Opportunities That Will Drive Shopify's Future Growth
Shopify (NYSE: SHOP) gave investors a belated Christmas gift on Wednesday. The e-commerce solutions provider reported holiday-quarter results that topped both analysts' consensus estimates and the high end of management's forecast, sending stock climbing nearly 8%.
Revenue grew to $505.2 million, up 47% year over year, driven by solid subscription revenue and booming merchant solutions revenue, which jumped 37% and 53%, respectively. The biggest shocker was a surprise profit, with net income of $771,000 and earnings per share of $0.01, far better than the $1.5 million and penny-per-share loss it produced in the prior-year quarter.
While much of the Q4 conference call was focused on its recent performance, Shopify's management spent a great deal of time laying out detailed plans for the company's future. Let's look at three areas that will be instrumental in driving future growth.
Source Fool.com
