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Shopify beat analysts' revenue expectations for the third quarter, with executives saying the company attracted a growing number of large customers.

A Shopify executive says the company’s latest results showed “continued discipline of balancing both future growth investment and operational leverage.”

(Reuters) -Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the all-important holiday season.