© Reuters. FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File PhotoWall Street is expecting it to show revenue growth of 22.38% to $1.67 billion compared to last year, according to estimates from LSEG.
Shopify provides software and services to online sellers. It also provides apps for merchants to sell directly on marketplaces like Amazon and Walmart and boots-maker Hunter, but does not believe the e-commerce platform's AI tools will be a near-term selling point in grabbing larger clients. The Ottawa-based company in April raised prices for its monthly subscriptions. Shopify's subscriptions include Shopify Magic at no additional charge.
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