wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge Tries To Lower Expectations, With Q2 Results Nearing

Info Edge (Naukri), one of the few public-listed Internet companies, appears to be trying to lower investor expectations: in an interview with Reuters, CFO Ambarish Raghuvanshi has said that the second quarter (Q209) revenue growth may be 20-25 percent, with a half-yearly growth of 28-30 percent. This is compared to 55-60 percent year on year growth in Q2 last fiscal.

The impact is obviously being felt most on its job site – Naukri.com, which, alongwith their Quadrangle business, accounted for 88 percent of revenues last quarter. Raghuvanshi has said that the biggest challenge will be to be able to grow Naukri.com over the next 18-24 months.

During Q2 last year (Q207), Info Edge had recorded revenues of Rs. 58.5 crores, up from Rs. 32.5 crores for Q206. A 28-30 percent year-on-year increase would mean revenues of between Rs. 74 – 77 crores for Q209. Last quarter, the company reported revenues of Rs. 67.14 crores.

Info Edge had been rather bullish on Q309 (October to December 2008), so it’ll be interesting to see if the guidance is changed when the Q2 results are formally announced. Meanwhile, the company’s stock price has been hammered down – currently trading at Rs. 460, down from a 52 week high of Rs. 1688.

Some stats on Info Edge from our coverage of Q1:

Advertisement. Scroll to continue reading.

Recruitment (Naukri + Quadrangle)
– 88 percent of operating revenue is recruitment
– grew at around 31 percent in Q1, over same quarter previous year
– IT Revenue growth in this quarter is 16 percent
– Dependence on IT down to 27 percent of Naukri corporate sales
Non Recruitment
– 12 percent of operating income
– EBITDA losses – Rs. 7.4 crores in Q1, opposed to 4.2 crores in Q1 last year
– Grew 71 percent over same quarter previous year

More on Info Edge (Naukri)
Q109: Financial Results, Conference Call | Analysis/Report
Articles related to
Info Edge

Disclosure: I own an inconsequential number of shares of Info Edge

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

Advert

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ