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Shopify president touts revenue growth, Deliverr acquisition after 'very difficult' quarter

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Shopify president Harley Finkelstein discussed the secret of his company's success on 'The Claman Countdown.'

Harley Finkelstein breaks down the e-commerce company's 2022 Q1 earnings report on 'The Claman Countdown.'

Shopify president Harley Finkelstein explains how the company's ability to balance growth and profitability will benefit investors on "Let’s talk about the quarter a little bit. It’s important. I think in a very difficult quarter, generally in the markets, we showed a profit of $30 million. More importantly, we grew. Both our revenue, with a two-year compound annual growth rate, was 60%.

You do mention something really, really important. As a company, Shopify’s always been able to balance both growth and profitability. In the history of our company, we have raised $7.7 billion. As of March 31, we have $7.2 billion remaining in our coffers, so almost every dollar we’ve ever raised still sits on our balance sheet. And I think this operating discipline that we have really matters in this environment.

 

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