LinkedIn Releases Q1 2012 Earnings Report, Has Best Quarter Ever

Linkedin record profits
Sales at the network for the quarter reached $188.5 million, $10 million more than the $178.4 million expected by analysts. The company also reported a net income increase of $5 million which is up from $2.08 million one year prior. Analysts expected 0 cents per share but were instead met with 4 cents a share.

The company also announced an increased user base which jumped to 161 million users from 150 million in the previous quarter.  [Read more…]