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Linked announces earnings above expectations, thanks to a new application
Shares of the company rose LinkedIn LinkedIn dramatically after the company reported first quarter 2016 earnings, which were higher than expected, it revealed that its revenue totaled $ 861 million, a big difference from the analysts ‘ expectations , which were up to the 828 million.
The Wall Street analysts had expected the company announces its annual growth rate of 30 percent, but the company said that its annual profit rose 35 percent, with an increase up to 30 percent of adjusted earnings.
The company attributed the largest social network continues to work in the world recovery is achieved by a new version of the whole application for smart phones , which launched late last year , where she said that the new application has been designed in a way encouraged people to spend more time in service. The executive director of the company, “Jeff Weiner,” in an interview published on Bloomberg, that his company was able to focus on fewer things have performed better.
Linked saw a record number of job seekers joined the work to the newly site, where Ozdedua by 50 percent compared to the same period last year. In this regard, the company unveiled its intention to introduce new features to contribute to further growth in the number of users, including the provision of information on the average salaries in the various companies, and more tools that aim to help companies find the right talent to employ them.
The company said it has achieved about $ 149 million through subscriptions paid to the accounts of the franchise, and that 39 percent of its revenues come from outside the United States.
The site LinkedIn was launched in 2003 in order to be the first social network offering professional services to businesses and job seekers. The site has more than 400 million monthly active users according to the latest statistics published by the company in October 2015.Viewing:-91
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