LinkedIn's Irish operations increase profits to €177m

The average numbers employed by LinkedIn last year declined marginally from 1,810 to 1,787.

Pre-tax profits at the main Irish arm of jobs and professional networking social media platform, LinkedIn last year increased by 42 per cent to $176.35m (€176.55m) LinkedIn Ireland Unlimited Company recorded the jump in pre-tax profits as revenues surged by $1.38bn or 42.5 per cent from $3.24bn to $4.62bn.

The firm last year paid out a dividend of €250m and in a note, the accounts state that subsequent to year end, the company intends to return capital of $5.6bn to its immediate parent firm, Microsoft Ireland Research.