Canada's Shopify posts bigger loss as costs rise

Wed Aug 3, 2016 7:07am EDT
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Aug 3 (Reuters) - Canadian e-commerce software maker Shopify Inc reported a bigger quarterly loss as operating expenses rose.

The company, which went public in May last year, said its net loss widened to $8.4 million in the second quarter ended June 30, from $3.3 million, a year earlier.

On a per-share basis, the net loss attributable to shareholders increased to 10 cents from 6 cents.

Ottawa-based Shopify's revenue rose to $86.6 million from $44.9 million. (Reporting by Anet Josline Pinto and Amrutha Gayathri in Bengaluru; Editing by Shounak Dasgupta)