Shopify is trading 20.4% up at $144.88 following a Q2 revenue beat and optimistic third-quarter guidance.
- The company reported 34% revenue growth to $3.58 billion and a strong 18% free cash flow margin.
- Management issued Q3 guidance projecting revenue growth in the low-thirties percentage range, surpassing Wall Street expectations.
- Sentiment is further bolstered by a broader rally across the software sector.