During the Info Edge earnings conference call, CEO & MD Sanjeev Bikhchandani said that the company expects a challenging second quarter for the company, but with an improvement in hiring activity, might see an improvement in the third quarter of the 2009-10 fiscal. Hiring had bottomed out in December, and has been low since, but indications are that hiring has picked up June. If hiring picks up in the next few months, revenue will follow in the quarter that follows. The company was unable to give a guidance for Q2 growth, saying that it could be negative. "We don't expect great savings in costs in Q2, and if revenue does not improve, margins will be under pressure," Bikhchandani said. Note: numbers mentioned below are YoY, unless specified otherwise Recruitment Business: Margin & Pricing Pressures Margins Recruitment accounted for around 84…
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