Browsing: growth

Commerce software provider Shopify Inc. (SHOP, Financials) posted better-than-expected growth as merchants processed more than $115 billion of transactions on its platform.Revenue rose 34 percent in the second quarter from a year ago to $3.58 billion, exceeding Wall Street projections. Gross merchandise volume, which measures the entire value of items sold through Shopify, was up…

Shopify (NASDAQ:SHOP), the e-commerce platform powering millions of online businesses, crushed expectations in the second quarter and sent its shares soaring about 26% in premarket trading. Revenue surged 34% year over year to $3.58 billion, and management followed that up with another confidence boost by forecasting low-30% revenue growth for the third quarter. That’s even…

Does the composition of public research and development (R&D) investment matter for productivity outcomes? By using a local projections method to estimate dynamic responses for macroeconomic productivity outcomes to changes in R&D composition, the authors present new evidence on this question. In particular, they find that increases to basic research spending generate the greatest returns,…