Technical and engineering recruiter CDI Corp and professional social network LinkedIn fared different fates in the three months ending 30 June 2013.

CDI Corp

CDI president and chief executive officer Paulett Eberhart says the firm’s Q2 results “were below last year’s levels, as it is taking longer than expected to convert wins into revenues”.

The results, available via the recruiter's website, show revenue of $263.4m (£173.7m) for the period, 4% lower than in the same period in 2012, with its gross profit margin slipping slightly. 

Revenues from the firm’s oil, gas and chemicals industries' activities grew by more than 10%, while the aerospace and industrial equipment declined slightly. The revenue declines were seen mainly from the hi-tech and ‘other’ segments, each of which make up around a third of the business.

Eberhart says the firm expects “new wins to convert into revenue at a progressively faster pace through the third and fourth quarters”.

LinkedIn

The firm’s Q2 2013 results, available online, demonstrate that its Talent Solutions tools for recruitment are increasingly the mainstay of its business.

Of total revenues for the quarter of $363.7m (£240m), 56% came from its Talent Solutions products, an increased share compared with the 53% seen in the same period in 2012.

The other two revenue streams – Marketing Solutions and premium subscriptions – also saw revenue grow, by 36% and 68% respectively, but were outpaced by the 69% revenue growth of the recruitment product. This made for company-wide revenue growth of 59%. 

Net income was $3.7m from the quarter, up from $2.8m in Q2 2012. The period also saw the company bring changes to its recruitment product and buy news reader and mobile content distribution platform Pulse.