Download the financials here. First quarter results (Q109) just in from Info Edge (Naukri.com): The company has reported a net profit of $3.108 million (Rs. 12.973 crores) for Q109. Profit is down from $3.73 million (Rs. 15.61 crores) last quarter, but up from $2.78 million (Rs. 11.64 crores) for the same quarter last year. Remember that historically, the last quarter of the year is the best for Info Edge. Given that the fear that has persisted for the last few quarters, around a drop in IT spending on hiring, the company has issued a reassuring statement from CFO Ambarish Raghuvanshi who says that "The operating margins in the core recruiting business have expanded" and the company has added more clients (hinting at a reduced dependency on IT). We'll have more on this from the Naukri Earnings call. more on revenues and investments - The company recorded revenues of $16.08 Million (Rs. 67.144 crores), of which $15.12 Million (Rs. 63.123 crores) was Sales Income. Sales income has increased by 35.60 percent over the same quarter last year. During the quarter, Info Edge spent $2.90 million (Rs. 12.144 crores) in advertising and promotions, up from $2.66 Million (Rs. 11.145 crores) for the same quarter last year. Employee cost is up significantly year-on-year from $3.90 Million (16.313 crores) in Q108 to $5.83 million (Rs. 24.349 crores) in Q109. As per the financials, Info Edge has spent a total of $1.2 Million (Rs. 5.023 crores) in acquisitions and strategic alliances. That is up from…
- WhatsApp bets on e-commerce in India with new business features September 21, 2023
- Event Announcement: International trends in Network usage fees, 4th October #Ad September 21, 2023
- Delhi HC Passes Order Disallowing Non-Permitted Use Of Anil Kapoor’s Name, Voice, Dialogue Through AI September 21, 2023
- IT Ministry appoints special officer on duty to set up the Data Protection Board of India September 21, 2023
- Karnataka HC Asks IT Ministry If It’s Open to Reviewing Blocking Orders Issued to X Corp: Report September 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...