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Indeed.com’s Owner Wants to Dominate By 2020

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Indeed sales FY2014Global jobs aggregator Indeed came close to doubling its net sales revenue for the 12 months ending March 31, growing from $201.3 million U.S.) to $386.8 million (at the current exchange rate).

Indeed’s revenue puts it in the same league as CareerBuilder, Monster, LinkedIn, and Dice, all of which reported significantly larger revenue, but much smaller growth rates. From 2013 to 2014, LinkedIn posted the biggest increase among the top job sites, growing recruitment revenue 47.5 percent. Indeed’s growth, disclosed as part of the annual financial report of its owner, Japanese conglomerate Recruit Holdings Co., was 92.2 percent (in U.S. dollars).

Recruit attributed Indeed’s growth to the SMB market, noting, “Net sales trended favorably reflecting smooth growth in service use by small and medium-sized clients.” (more…)


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