The world's largest professional network, LinkedIn, launched LinkedIn Placements in India on Wednesday, aimed at making graduating students across the country easily find their first job.
"Our conversations with students, placement officers and recruiters involved in campus recruitment point to an unmet need for efficiency and effectiveness," said Ganesan Venakatasubramanian, head, engineering, LinkedIn India in a statement on launching the solution.
Developed locally by more than 40 LinkedIn employees, LinkedIn Placements enables students to apply for jobs and stay informed.
The professional network is piloting LinkedIn Placements first in India.
LinkedIn late last month said its quarterly revenue and profit handily beat analysts' estimates as the world's biggest professional networking website operator earned more from its recruitment services business and from advertisements and paid memberships.
Shares of the company, which also raised its full-year profit and revenue forecasts, jumped 12 percent in extended trading on Thursday.
LinkedIn has been spending heavily on expansion by buying up companies, hiring sales personnel and increasing its presence in China and other markets outside the United States.
Expanded offerings helped boost revenue from the company's Talents Solutions business, which connects recruiters and job seekers, by 46 percent in the third quarter. The business accounted for nearly two-thirds of LinkedIn's total revenue.
Revenue from advertisements on its website rose 28 percent, while paid membership income increased 21 percent.
LinkedIn, which operates in over 200 countries and territories, said the total number of members rose 20 percent to 396 million at the end of the third quarter.
Written with agency inputs
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