Xing increased sales by 80 percent in 2008
The business network Xing increased its revenue by about 80 percent in the past fiscal year. Profits rose by an equally encouraging 31 percent.
Thanks to over two million new members, Xing was able to increase its turnover last year by 80 percent to 35.3 million euros. The business network's profit also rose by 31 percent from 5.6 to 7.3 million euros. The rise in turnover is due in particular to the increase in paying members from 362,000 to around 550,000, as the company announced on Thursday. In total, Xing has around seven million registered users, three million of whom are from German-speaking countries. Xing plans to launch new applications for headhunters and pages on which companies can present themselves in the second quarter of 2009.
