Fortune and Boston Consulting Group’s 2024 “Future 50” list features two Canadian companies: Shopify and first-time entrant Clio. Shopify ranked 25th, slipping from 16th in 2023, but continues to demonstrate strong growth, reporting $5 billion in Black Friday sales—a 20% year-over-year increase.
The Ottawa-based fintech recently surpassed a $200B market cap, securing its position as Canada’s second-largest public company. CFO Jeff Hoffmeister highlighted Shopify’s 26% revenue growth and strong cash flow margins, with the firm forecasting over 30% revenue growth for Q4. The list, dominated by tech giants like OpenAI and Snowflake, underscores Shopify’s global impact.
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