Small Business Growth Continues to Boost Results at Wix.com
Wix.com (NASDAQ: WIX) just finished off another year of strong performance. The website and e-commerce software company notched 25% year-over-year revenue growth during the final quarter of 2019, and generated 15% more free cash flow (what's left after basic operating and capital expenses) even though it continues to dump money back into the business to promote growth.
Wix isn't the same type of massive success story that Shopify (NYSE: SHOP) has become in recent years, but the growth of the global digital economy is nonetheless providing a strong tailwind for the smaller cloud-based web development platform. The company is a key component in helping small start-ups and entrepreneurs around the globe promote an online presence. There's a lot to like and a lot to root for at Wix, shareholder or not.
Image source: Getty Images.
Source Fool.com
