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LinkedIn revenue more than doubles in Q1

Published on .

Washington, D.C.—LinkedIn Corp. generated net revenue of $93.9 million in the first quarter of this year, a 110% increase over the year-earlier period, according to an amended S-1 the company filed with the Securities and Exchange Commission in preparation for a planned initial public offering. LinkedIn's net income increased in the same time frame from $1.8 million to $2.1 million. The company said its hiring solutions were used by 4,800 customers last year, including 73 of the Fortune 100. Additionally, LinkedIn's marketing solutions were used by 33,000 customers last year.
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