The Ottawa-based company, which provides tools and services for businesses to run their stores online, said revenue climbed 26 per cent to US$1.7-billion for the quarter ended Dec. 31, 2022, while adjusted operating income dropped to US$61-million from US$130.2-million a year earlier.
In a conference call with analysts late on Wednesday, chief executive officer Tobias Lutke characterized current economic conditions as a period of learning for Shopify. “Profitability is a consequence of growth and efficiency combined,” he said. “We have been profitable many times before. … Over time, profitability will take care of itself.”
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
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Shopify's early job cuts fuel rebound in earnings, stock price - BNN BloombergShopify Inc. was among the first technology giants to slash its workforce during last year’s market rout. Now, some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow.
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Shopify believers say payoff from early layoffs should start showing up in latest earningsShopify was among the first tech giants to slash its workforce. Now, some investors say its stock is poised to outperform peers. Read on.
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Shopify believers say payoff from early layoffs should start showing up in latest earningsShopify was among the first tech giants to slash its workforce. Now, some investors say its stock is poised to outperform peers. Read on. Taking profits from people losing their jobs is cool and fun.
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