This continues a multi-quarter run of double-digit, year-on-year income growth for the professional networking site.
LinkedIn sessions grew 22% year-on-year, reaching record levels, according to Microsoft CEP Satya Nadella, speaking on a quarterly investor call.
Microsoft doesn’t report specific figures for LinkedIn’s revenues or monthly sessions.
“Marketing Solutions” — the sale of ads targeting LinkedIn’s users — was the fastest growing part of LinkedIn’s business, with income increasing 44% year-over-year, Nadella said.
Before its acquisition by Microsoft in 2016, 65% of LinkedIn’s Q3 2016 revenue, which totaled $960 million, came from recruitment services, known as Talent Solutions, sold to professional recruiters and employers.
The other earning category for LinkedIn is Premium Subscriptions.
LinkedIn is part of Microsoft’s Productivity and Business Processes unit. The other parts of the unit are Microsoft Office, now a subscription-based software product, and Microsoft Dynamics, a customer relations management product. As a whole, the unit brought in revenue of $11.1 billion U.S., up 13% year-on-year.
Microsoft reported total quarterly revenue of $33 billion, up 13% year-on-year.
The full quarterly report is here.