Friday, August 5, 2011

The results far exceed expectations LinkedIn

The professional social network LinkedIn has published Thursday, August 4, results well above expectations for the second quarter, with sales more than doubled and earnings, while analysts expected a loss. "In the second quarter, we saw a record number of entries, unique visitors and page views, while revenue growth accelerated further," welcomed the general manager, Jeff Weiner, quoted in a statement.

Net income, still modest but more than quadrupled compared to last year, $ 4.5 million (3.2 million). Revenues for its part reached 121 million dollars (85.6 million), an increase of 120%. It far exceeds the $ 104.7 million (74.1 million) which had been expected to analysts. These results contrast with the caution that had displayed the group, founded in 2003, just days before its IPO in May, when he was warned that he had expected a loss for 2011 and a deceleration of growth .

But according to data provided Thursday by LinkedIn, the social network now has nearly 116 million subscribers. In late March, the group announced that it had reached the symbolic figure of 100 million. In the United States in June, the professional network has become the number two in terms of unique monthly visitors, behind Facebook, which claims 750 million registered.

No comments:

Post a Comment