Job Recruitment Key to LinkedIn's Growth to 200 Million Members

There's a lot of smiling going on over at LinkedIn's headquarters in North Bayshore.

The Mountain View-based professional networking site announced on its blog Wednesday that they now have more than 200 million members in more than 200 countries and territories and serve members in 19 languages. LinkedIn reached 100 million users in March 2011.

Of these, 74 million members lived in the United States and 18 million in India. It's fastest growing countries include Turkey, Colombia and Indonesia.

"It’s been amazing to see how our members have been able to transform their professional lives through LinkedIn," said Deep Nishar, senior vice president of products and user experience.

According to the Silicon Valley Business Journal, only a third of the company's revenue comes from overseas, despite the large international membership.

However if job recruitment firms in LinkedIn's emerging regions have the same success that U.S. firms appear to be having on the site now, then LinkedIn's international revenues could also grow. The Silicon Valley Business Journal reports that Linkedin's "corporate recruiting accounts, which cost as much as $8,200 a year, now kick in about 55 percent of LinkedIn’s sales, up from 22 percent in 2009."

For the third quarter of 2012, LinkedIn reported that it's talent solutions revenue grew to $138.4 million, up 95 percent year-to-year.There are over 13,700 enterprises under contract for talent solutions.

How do you use LinkedIn? Do you use it more? Less? Have you gotten a job via LinkedIn? Grown your network to start a business? Share in comments!

Don't miss a thing in Mountain View!

Follow on Twitter | Like us on Facebook | Get the daily newsletter | Post to our calendar | Share an announcement