LinkedIn improved quarterly results
Professional social network LinkedIn is once again showed quarterly report better than market expectations, which caused nearly 8% rise in its shares immediately after the publication of the results for the second quarter, but the company issued a rather weak quarterly forecast that drove to zero growth. According to the published data, linkedIn predicts that in the current quarter will be received proceeds of $ 367-373 million, versus analysts' expectations at 384 million dollars.
Investors say that the growth of the user base, which in mid-2011 showed a doubling and has now reached 238 million people, it is good, but more important to be able to monetize it qualitatively. And here on LinkedIn expect that the growth of commercial services in the network will slow down, and you use more cautious in their spending.
At the end of trading in New York papers LinkedIn closed at $ 230, up 4.5% on the day. Investors note that LinkedIn now has market capitalization of $ 144 EBITDA, whereas in Facebook, the ratio is 53, and at Google - 7. During the reporting period ending June 30, the company increased its revenues by 59% to 363.7 million dollars, against market expectations of $ 354 million dollars. Recall that LinkedIn has worked better than market expectations, all nine quarters since the IPO.
LinkedIn user base for the year increased by 36%, but in the words of CEO Jeff Weiner, LinkedIn base growth has not subsided in the world there are about 600 potential users of the MDN. Net income for the second quarter increased 33% to 3.73 million, or 3 cents a share, from U.S. $ 2.81 million, or 3 cents per share. Also in the report of the company states that sponsor programs now covered more than 3,000,000 companies . During the current fiscal year linkedIn expects sales at the level of 1,46-1,48 billion dollars, about twice last year's totals.
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