BigCommerce Holdings Inc., a provider of internet-hosted commerce software for retailers and B2B companies, has been hitting the ecommerce technology market on several fronts as it rolls out new features and targets more large companies as clients. The most recent payoff was a 33% year-over-year increase in revenue—the highest quarterly growth rate in the past 12 quarters—for the second quarter ended June 30, its first quarter as a public company, the company said yesterday.
Brent Bellm, president, chairman and CEO, says BigCommerce is taking advantage of the broad shift to ecommerce that has occurred in recent years and, in recent months, spurred by the pandemic. And while pushing the company’s software-as-a-service (SaaS) platform, which companies can customize with application programming interfaces (APIs), BigCommerce is increasing its revenue from large enterprise customers, Bellm says.
Revenue from enterprise accounts in the second quarter was increasing at a rate of 44% year over year, compared with 32% a year ago, “reflecting our continued momentum serving the needs of mid-market and large enterprise businesses,” Bellm said on a conference call with investment analysts yesterday, according to a transcript of the call from Seeking Alpha.
To underscore the company’s growth with enterprise accounts, Bellm noted that nine Forbes Global 2000 corporations launched ecommerce sites on the BigCommerce platform in the first half of this year. They include Royal Dutch Shell, Sharp Electronics and “two of the world’s largest consumer packaged goods companies” that he declined to name.
Overall, BigCommerce serves about 60,000 online stores in 120 countries, the company says.
Bellm gave several examples of why businesses recently launched ecommerce sites on BigCommerce:
- LaPerla, an Italian luxury apparel company, chose it to launch its cross-border and multi-currency capabilities;
- The National Baseball Hall of Fame’s merchandise store chose it to integrate its online payment gateway with its physical store point-of-sale software;
- Mountain bike manufacturer Yeti Cycles used the platform’s headless commerce APIs to integrate the ecommerce engine with Yeti’s existing content management system; and
- Tree-care products merchant SherrillTree chose the platform for its ability to handle both B2B and retail customers on the same website.
Bellm also said that BigCommerce recently added to its SaaS ecommerce platform features, including more drag-and-drop merchandising capabilities in its Page Builder tool and the ability to design online stores with Italian and Spanish language content.
BigCommerce also recently signed two new technology partners: Systum, which provides visibility into an online merchant’s inventory, orders and inventory records; and BundleB2B, which lets B2B sellers review data on sales transactions and manage customer accounts.
The company said it closed the second quarter with a net loss of $8.5 million, compared with $11.0 million a year earlier, as total revenue grew 33% to $36.3 million.
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