Another Record Quarter at XING
Publicado el 20 November, 2008
Archivado bajo Xing |
Despite the difficult economic times, XING AG has continuously expanded its growth in the course of the third quarter 2008 yet another record quarter. We’re an example of the opportunities present in every crisis: crisis accelerates change, and this is good.
In these uncertain times, our members rely even more on their professional contacts. If your company lays you off or does cost cutting, you start to see right away how valuable social networks can be. At XING, we concentrate on offering our members a wide range of opportunities and tools for expanding their professional network. In short, we help people increase value particularly in difficult economic periods. Professional networks are not a fad; they’re here to stay. And now is the time to make the most of your network.
Our business model is rather simple: Expanding numbers of members are resulting in higher revenues and contributions to earnings in all three service categories (B2C, B2C and Advertising). This demonstrates that XING is one of the winners of this development. At XING we can realy speak about profits and tax rates we have to pay. Much better feeling than just to speak about higher revenues.
Since the IPO in December 2006, our numbers of our members have risen every quarter, thus driving up our revenues and results. Apart from the growth in revenues, XING AG is one of the small number of listed companies which combine such rapid revenue growth with an above-average profitability (our last quarter was at 40%). In these terms, XING AG is one of the most profitable companies on the German markets.
The unique success and the continuing strong growth of XING are attributable particularly to highly motivated and experienced employees - actually the best team I have ever been privileged to work with. Their commitment is our most sustainably productive capital. And, since the beginning of the year, we have recruited a further 52 employees in order to enable us to continue to successfully implement the growth strategy which we have initiated. We are not laying people off, we haven’t stopped hiring, or even slowing down the recruitment processs. Indeed, the reverse is true: we have over 40 open positions at present. As an entrepreneur I strongly believe that these times are excellent opportunities, and XING is ready to tackle them.
The new employees will help develop new ideas and business models, and provide XING with strong support for the successful implementation of numerous new projects which provide our members with additional added value for business networking.
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