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Sep09 Call: Info Edge: 99Acres Plan Changes, Jeevansathi Price Hike; Recruitment Outlook

In line During the conference call held last evening discussing Info Edge's results (details) for the quarter ending September 30th 2009, COO Hitesh Oberoi appeared optimistic: "Sales were up by 4%, the slide seems to be getting contained, and we're seeing demand moving up across sectors and geographies. Most companies are now doing replacement hiring, if not hiring for growth. The other good thing is that competition in all our segments continues to be impacted more than us. This is an opportunity for us to invest and build and gain marketshare in the long run." However, at 83% of topline (compared to 86% in Q2 last year), Recruitment remained Info Edge's key vertical, even as Jeevansathi (Matrimonial) reported an EBITDA profit. For other verticals, Net Sales were flat year-on-year, at Rs. 9.2 crores. According to Oberoi, the company was able to reduce…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

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