Lightspeed’s CEO Calls Its Commerce Platform ‘Recession-Proof’

Lightspeed Commerce Inc’s top boss is predicting an almost 40% jump in sales this year, leaving the technology firm well-placed to weather a recession. Investors seem a little less optimistic.

“We’re going to do $760 million this year,” Jean-Paul Chauvet said in an interview with Bloomberg. That revenue figure would be almost 40% higher than the previous fiscal year. “While the rest of the world is lowering their guidance, we’re very confident we’re going to be hitting our guidance.”