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Shopify Says Profitability to Improve After Ditching Logistics Unit

By
Ann Gehan
· · Source: The Information

Shopify said Wednesday its revenue rose 31% from the previous year to $1.7 billion, a higher rate than executives predicted last quarter, helped by a price hike for its e-commerce software subscriptions and more merchants using its payment processing tools. Shares briefly rose around 7% in after-market trading. The company said revenue growth would be slower in the current quarter, hurt in...

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