LinkedIn Releases Q1 2012 Earnings Report, Has Best Quarter Ever

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.

Showing its potential for growth LinkedIn also added 33 employees in the quarter with expectations for more expansion throughout 2012.

The increasing profits could signal good news for Facebook as it prepares for its IPO, however it should be noted that LinkedIn saw profits increase after the company focused not just on traditional display advertising but also on the practice of selling more services, such as job postings and upgraded LinkedIn accounts.

In further news that LinkedIn is healthy and growing the company also announced plans to buy online presentation builder Slideshare.