How AI is boosting Shopifys quarterly results – National [Video]

Shopify SHOP.TO beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday.

The Canadian company, which helps small and medium businesses build an online store as well as sell, has been rolling out artificial intelligence-powered features and in June increased the availability of such tools.

“More and more merchants across the world are putting their trust in Shopify’s unified commerce operating system to fuel growth and simplify complex operations,” company President Harley Finkelstein said in a statement.

Shopify reported a 21% jump in second-quarter revenue to $2.05 billion, compared with analysts’ average estimate of $2.01 billion, according to LSEG data.

Merchants utilize Shopify’s platform to collect, retain, and leverage buyer …