The Zacks Consensus Estimate for Merchant Solutions revenues stands at $884 million, indicating 31.4% growth from the year-ago quarter. The introduction of Shop Pay outside of Shopify enables merchants to offer fast and frictionless checkout to their customers on these surfaces, in turn, helping to increase sales conversion This allows customers to purchase products from Shopify merchants and checkout directly on Google. In the to-be-reported quarter, Shopify has expanded its accelerated checkout Shop Pay to Shopify and non-Shopify merchants on Facebook and Instagram and completed the integration of Shopify Payments with Google’s GOOGL Buy on Google. When mobile devices, social media and data analytics have been actively transforming the e-commerce marketplace, Shopify’s cloud-based platform has been able to provide solutions catering to the growing needs of merchants. The gross payment volume (GPV) in the to-be-reported quarter is expected to have been driven by a strong performance by merchants on Shopify Payments, new merchant adoption, Shop Pay penetration gains and significant expanded payment penetration by merchants.
The Zacks Consensus Estimate for Revenues: Merchant Solutions stands at $23.3 million, indicating 34.7% growth from the figure reported in the year-ago quarter. In the last reported quarter, gross payment volume (GPV) reached $27.7 million, compared to $19.1 million in the year-ago quarter.
Such Shopify launches are expected to have aided merchants on the platforms to strengthen customer engagement in the first quarter. These integrations will enable merchants to seamlessly connect their workflows and also provide greater data control for high-volume merchants. Shopify has partnered with Microsoft and Oracle to integrate their ERP program into the Shopify app store. Shopify has been banking on its new ERP program with ERP heavyweights such as Microsoft MSFT, Oracle ORCL, NetSuite and others.
BOOM 2 APP STORE DRIVER
Shopify’s rich partner ecosystem might have also acted as a growth driver in the to-be-reported quarter. This is expected to have driven merchant solutions revenue growth in the to-be-reported quarter. In the first quarter, Shopify rolled out new features like Shopify Markets. Shopify has been zeroing in on expanding its global reach as international customers bring in a lot of traffic to the merchant stores. The trend is likely to have continued in the to-be-reported quarter. In the last reported quarter, Gross Merchandise Volume (GMV) rose 51% year over year, reaching $54.1 billion. The company’s merchant GMV reached $175 million in 2021, up 47% year over year.
In the fourth quarter of 2021, the company reported that there are more than 14,000 merchants on Shopify Plus, with approximately 4,000 of these coming on in 2021. Most of the features have been maintained except for a few (including the alarm functions and the connection via Amazon Alexa).Increased focus on expanding its merchant base to encash the e-commerce boom is anticipated to have boosted the company’s first quarter 2022 performance. Recently updated, the application presents a lighter overall design.
BOOM 2 APP STORE PORTABLE
0 kommentar(er)
