Shopify beats quarterly revenue estimates on AI boost-March 2024-www.financetom.com

Shopify beats quarterly revenue estimates on AI boost

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Shopify beats quarterly revenue estimates on AI boost

Aug 7, 2024 5:00 AM

Aug 7 (Reuters) - Shopify ( SHOP ) beat analysts'

estimates for quarterly revenue on Wednesday, as the Canadian

company's artificial intelligence-powered tools helped pull in

more merchants to its e-commerce services.

The company reported second-quarter revenue of $2.05

billion, compared with analysts' average estimate of $2.01

billion, according to LSEG data.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by

Sriraj Kalluvila)

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