Shopify’s Q2 results beat estimates as eCommerce shines. The company reported revenue of $241 million, up from $236 million in the previous quarter and beating analysts’ expectations by 5 percent. It also boasted a healthy 30% increase in gross merchandise volume to $8 billion for the quarter. Shopify’s success is largely attributed to its ability to attract more merchants who are flocking to sell online via mobile devices or desktop computers due to convenience and lower costs than traditional stores. Shopify has been able to capitalize on this growing trend with great success over recent quarters, with annualized recurring revenue increasing 39% year over year and an enormous 2,200 new customer signings per day on average during the quarter.
Shopify’s Q2 results beat estimates as eCommerce shines
August 4, 2021 | | Updated: August 06, 2021
Related Platforms
Our Locations
Recent Case Studies
-
August 11, 2023
Combining Content and Commerce Capabilities of Magento and WordPress for an Energy Service Provider
Everyone in the eCommerce circle has heard the slogan "content is king" at least once. Of course, even a king has his limitations without his army. In ...
Read More -
July 13, 2023
Query Time Optimization With Custom Coding for a Boat Kit Company on WooCommerce
Virtina helps eCommerce store owners get the most out of their online business. It is what we do best. So, it is no wonder we were the first choice fo ...
Read More -
June 30, 2023
Custom Amazon Buy With Prime Integration for a Footwear Store on Volusion
Volusion is one of the most robust eCommerce platforms for running an online business. It can support just about any eCommerce capability you want. Ho ...
Read More -
June 06, 2023
Customization of WooCommerce Plugin and Marketplace Release for a Non-profit Fintech Solution Provider
Creating a custom plugin for WooCommerce stores is often more complex than you think. Many organizations need to understand the complexities of the pr ...
Read More