RealTime IT News

LinkedIN 4Q13 Revenue Tops $447 Million

LinkedIn reported its fourth quarter and full year fiscal 2013 results late Thursday, as the online service topped 277 million members. For the quarter, revenue came in at $447.2 million, a 47 percent year-over-year increase. Net Income for the fourth quarter was $3.8 million, a decline from the $11.8 reported in the fourth quarter of 2012.

Looking forward, LinkedIn said first quarter revenues will range between $455 million and $460 million, representing 40 to 42 percent year-over-year growth. For the full fiscal 2014 year, LinkedIn is expecting revenue in the range of $2.02 billion to $2.05 billion, representing 32 to percent growth.

LinkedIn CEO Jeff Weiner said during his company's earnings call that membership numbers for the site grew by 37 percent year-over-year.

Read the full story at Datamation:
LinkedIn Building New Data Centers as Revenues Grow

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.