Info Edge Slowly Recovers
February 2, 2010 by Alice Allan
After a rough quarter ending 30 September, 2009, Indian online classifieds company Info Edge has reported increases in net profit and net sales for the three months ending 31 December, 2009.
Info Edge, which owns jobs portal naukri.com along with real estate portal 99acres.com and matrimonial website jeevansathi.com, increased net profits by 6.2 percent to 156.45 million INR over the quarter. However, this is still down from the corresponding quarter in 2008, when the company made 172.12 million INR net profit.
Net sales were up 6.7 percent to 588.75 million INR, but again this was still down on the corresponding 2008 total of 589.21.
“naukri.com business has witnessed steady improvement with a strong revenue growth and advertisement revenues rising sequentially,” CEO Sanjeev Bikhchandani told business-standard.com.
“The environment continues to improve, which should lead to top line and bottom line expansion in subsequent quarters,” added Ambarish Raghuvanshi, the company’s director and chief financial officer.
Meanwhile, a new TV ad has been created for naukri.com to mark beginning of an increase in job availability.
watblog.com reports that the ad focuses on obnoxious boss Hari Sadu, who was featured in naukri.com’s previous TV campaign. In the ad, junior office workers scrawl insults on the boss’s door, and the ad ends with the slogan “Jobs are back – bye bye recession and hello new year”.
Related posts:
- Only Way is Up for naukri.com Info Edge (India) Ltd, owner of naukri.com, has announced its financial results for the quarter ending 30 September 2009....
- naukri.com naukri.com is a jobs portal run by Info Edge (India) Ltd, which also runs real estate portal 99acres.com and matrimonial website jeevansathi.com along with a number of other classifieds websites....
- Competition Heats Up as Indian Market Recovers September has seen signs of recovery in the Indian job market, along with a number of new releases amongst job websites....
- naukri.com Adds Premium Jobs After registering some disappointing revenue results in the third quarter of 2009, Indian jobs portal naukri.com has introduced a new section it hopes will attract those looking for senior level jobs. naukri.com’s new premium jobs section lists positions with salaries...
- Yahoo! Cost Cutting Pays Off Yahoo! Inc has registered a decrease in revenues for the third quarter of 2009 but profits have increased beyond expectations....
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