Shopify Inc (SHOP)

[Plegee]

Overall, very solid earnings report. $223M revenue easily surpassed estimates. Rate of growth has slowed (Bloomberg reports) but that is to be expected in my opinion when approaching the $1B threshold; no trend can remain linear at these levels. Onging revenue (recurring) improved ro 21% from 17%; much more important indicator than gross revenue inc % in my book. Secondary announced will undoubtedly be used for international expansion in Singapore, France, Germany and others. $0.15 per share profit, but did not find gross margin % listed; will wait for financials. Solid quarter.