Shopify beats estimates for holiday-quarter revenue


FILE PHOTO: An employee works at Shopify's headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie/File Photo

(Reuters) -Canada's Shopify Inc on Wednesday beat revenue estimates for the holiday quarter as a boom in online shopping drives strong demand for its tools and services that cater to e-commerce.

Revenue was $1.38 billion for the fourth quarter ended Dec. 31, compared with $977.7 million a year earlier. Analysts were expecting $1.33 billion, according to Refinitiv data.

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