Shopify Inc. (TSE:SHOP) has released an update.
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Shopify Inc. has reported a robust start to 2024 with a 23% revenue increase, a 33% gross profit rise, and a significant improvement in free cash flow margin, which doubled to 12%. The company’s President, Harley Finkelstein, attributes this performance to strategic long-term growth initiatives and operational efficiency. Despite the sale of their logistics businesses, adjusted revenue growth stands at an impressive 29%, underscoring Shopify’s strong financial health and continued market presence.
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