Shopify (NYSE: SHOP) shares surged after the company reported second-quarter results showing 21% revenue growth, exceeding both analysts’ and management’s expectations. Recall that in May, the company’s stock dropped after it released first-quarter results, as its guidance of “high-teens percentage” growth disappointed investors.

Now that the second-quarter results have surpassed expectations, the company’s shares are gaining momentum again. Shopify’s revenue in the second quarter increased by 21% year over year, reaching $2.05 billion. Adjusting for the sale of its logistics business, the growth would have been 25%.

Other metrics also saw significant increases: Gross Merchandise Volume (GMV) grew by 22% to $67.25 billion, and payment volume through Shopify Payments surged by 30% to $41.10 billion. Overall merchant solutions revenue increased by 19% to $1.48 billion, and subscription revenue rose by 27% to $563 million.

Despite the recent stock price surge, Shopify remains relatively attractively valued given its steady revenue growth, making it appealing for long-term investors.