Shopify (NYSE: SHOP) has been a major laggard over the past year with the e-commerce giant's shares dropping 75% in the trailing-12-month period. The company's financial results suffered as its pandemic-related tailwind came to a screeching halt, and economic issues such as inflation didn't help either. Although the market continues to punish Shopify, the company showed some encouraging signs during its latest quarterly update.

Management seems confident the long-term prospects of the tech giant are intact. Let's look at some encouraging words Shopify's president, Harley Finkelstein, uttered during the company's second-quarter earnings call and what it could mean for investors. 

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Source Fool.com