“Growth is Back” at naukri.com
May 3, 2010 by Alice Allan
naukri.com parent company Info Edge says “growth is back” in India, despite reporting a 4.24 percent drop in revenue for the quarter ending 31 March.
The company’s quarterly profit is down from the previous year’s total to 132.23 million INR. However, net sales are up 13.10 percent at a total of 652.6 million INR.
Info Edge founder and CEO Sanjeev Bikhchandani was positive about the results, telling moneycontrol.com that “growth is back”. “[T]he economic recovery is real,” he told the website. “It is impacting our business positively and we are expecting the future quarters to be better than the past.”
Bikhchandani went on to say he expects to see sales growth of more than 20 percent in 2010/2011.
These positive predictions fit with naukri.com’s recent assessments of the Indian jobs market. The portal’s JobSpeak index rose 14 percent in February and another 1.5 percent in March.
To gain more attention from job seekers, naukri.com has just moved to integrate Facebook’s new “recommend” button to its job listings.
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....
- More Good News from naukri.com naukri.com's JobSpeak Index continues to rise with a 1.5 percent increase led by IT-enabled services and the insurance and auto sectors. naukri.com was quick to predict India's return to hiring, launching an ad campaign with the slogan "jobs are back"...
- 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....
- Info Edge Slowly Recovers 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...
- 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...
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