Soon to be Microsoft Corp. owned business-oriented social networking site LinkedIn Corp. beat market expectations with revenue surging in its second quarter financials in what is to be its last report as an independent company.

For the quarter ending June 30 the company reported revenue of $933 million, up 31 percent from the same quarter in 2015, well ahead of market estimates of $899 million and LinkedIn’s own guidance numbers of $885 million to $890 million given in April.

While LinkedIn’s revenue numbers were great expenses offset the higher number with the company reporting a loss of $119 million in the quarter, or 89 cents a share, compared to a loss of $68 million or 53 cents a share in Q2 2015.

The contribution to the increased revenue came across the board, with the company’s talent solutions division growing 35 percent year-on-year to $597 million; marketing solutions up 29 percent to $181 million, and premium subscriptions up 21 percent to $155 million.

In terms of traffic membership grew to 450 million, up 18 percent over the same quarter in 2015; unique visitors were up 9 percent to 106 members a month, and member page views grew 32 percent; while those numbers sound great on paper it should be noted that while growing its user base slightly under 25 percent of LinkedIn’s users actually visited the site and use it.

“In Q2, we demonstrated good momentum with our member and customers, and delivered strong financial results,” LinkedIn Chief Executive Officer Jeff Weiner said in a statement. “Continued product innovation drove increased levels of engagement, and strengthened our enterprise offerings. We believe joining forces with Microsoft enables us to further accelerate and scale our ability to deliver value and create economic opportunity for every member of the global workforce.”

Adieu

With Microsoft’s takeover of LinkedIn expected to be finalized in the current quarter LinkedIn stated that it would not be updating its outlook for fiscal 2016 and even declined to hold a conference call following the announcement of the quarterly results.

It is literally a case of adieu to LinkedIn as a separate company, one founded in the dark recesses of the post-tech crash days of 2003 that has somehow managed to fight the good fight when it comes to business networking while competitors have come and gone.

Shares in the company, which will ultimately end up in Microsoft’s hands, moved ever so slightly up in after-hours trading to 192.25, up 0.12 percent; Microsoft’s acquisition price per share is $196.

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