These top techs serve growing markets

Article Excerpt

SHOPIFY INC. $434.95 (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (613-241-2828; www.shopify.ca; Shares outstanding: 111.5 million; Market cap: $48.5 billion; No dividend) offers merchants of all sizes Internet-based software to design, set up and manage stores across multiple sales channels. Shopify continues to attract more merchants to its platform. As a result, its revenue in the three months ended March 31, 2019, jumped 49.5%, to $320.5 million from $214.3 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Excluding one-time items, the company made $10.3 million, or $0.09 a share in the quarter. That’s up 145.2% from $4.2 million, or $0.04 a share, a year earlier. It also beat the consensus forecast for a loss of $0.05 a share. The company’s balance sheet is strong: it holds cash of $2.0 billion and has no debt. We think Shopify shares have room to rise. To boost sales outside of the U.S. and Canada, the company is launching more seamless international currency transactions…

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