Shopify Surges On Strong Sales Growth Outlook
- Strategy to attract bigger business customers is paying off
- Company also benefited from strength aross Europe, payments
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Shopify Inc. soared after saying it will sustain rapid sales growth into the holiday shopping season, suggesting the Canadian e-commerce company’s strategy to lure larger businesses is paying off.
Shopify said it expects percentage revenue growth for the current quarter ending in December to be in the mid to high twenties on a year-over-year basis. Analysts were looking for 23%.