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Company News

Shopify posts 71 pct jump in 4th-qtr revenue

Feb 15 (Reuters) - Shopify Inc reported a surge in fourth-quarter revenue on Thursday as the fast-growing retail software company benefited from a rise in subscription and merchant revenue.

The company’s net loss shrank to nearly $3 million, or 3 cents per share, in the three months ended Dec. 31, from $8.9 million, or 10 cents per share, a year earlier.

Revenue jumped 71 percent to $222.8 million. (Reporting by Yashaswini Swamynathan in Bengaluru; editing by Saumyadeb Chakrabarty)

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