The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany.
Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter.
Shopify said it expects second-quarter revenue to grow at a high-teens percentage rate year-over-year, a slowdown from the previous period.
The company has posted year-over-year revenue growth in the low-to-mid twenties for the past six quarters.
Second-quarter revenue would grow in the "low-to-mid-twenties" year-over-year when adjusting for the divestiture of the logistics business, Shopify said.
Persons:
Shopify
Organizations:
Shopify Commerce, Shopify Commerce Germany GmbH
Locations:
Shopify Commerce Germany, Berlin, Germany