LinkedIn today announced 2011 second quarter financial statements

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 5, 2011 -- According to wholesale China(http://www.epathchina.com/) electronics ePathChina reports, the U.S. professional networking site LinkedIn today announced 2011 second quarter fiscal earnings reports, which shown that the company's second-quarter main business revenue grew 120% compared with last year, reached $ 121 million, far beyond the Wall Street analysts expectation. This is the first earning reports since the LinkedIn IPO.

LinkedIn second-quarter revenue reached $ 121 million, getting an 120% increase; net profit is up to $ 4.5 million, with an increase of $ 200,000; accordance with the non-GAAP net profit is up to $ 10.8 million, while last year was only $ 6.4 million ; not profit excluding depreciation and amortization is $ 26.3 million, getting an 128.70% increase; in accordance with U.S. GAAP, LinkedIn second quarter earnings is 4 cents per share, which is higher than Wall Street forecast that revenues will be $ 104.5 million, and 4 cents loss per share.

Linkedin CEO Jeff Wiener said in a statement, in the second quarter, the number of Linkedin registered users, the number of unique visitors and pageviews made all new records. Accompanied with the rapid revenue growth in the future the company will continue to the expansion of investment in team, technology , products and services, to create greater value for their members and fully realize the potential of LinkedIn platform.

It is reported by electronics wholesale(http://www.epathchina.com/) online store ePathChina that in November last year LinkedIn increased 1 new user per second, earlier this year, the social network users exceeded 100 million, while in the second quarter, it added 14 million new users. Wiener said, LinkedIn now reached 120 million users, indicating that in just the past month there are 5 million new users joined in.

Wiener said that among the existing registered users, more than 1 / 3 of users are active users, which means there are more than 40 million users are actively using LinkedIn. At the same time, most users are using LinkedIn free services.

In addition, LinkedIn page view rate is also high. Page views for the quarter reached 71 billion, with an 80% increase, mobile page views grew 400%. Today, LinkedIn's average monthly number of unique visitors has beaten two competitors MySpace and Twitter.

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