Internet company Info Edge, which runs Naukri.com, 99Acres and JeevanSathi, reported a net profit of Rs 47.4 crore for the quarter ended June 30, 2016 (Q1 FY17), up 65% from Rs 28.63 crore profit in the same quarter last year. Hitesh Oberoi, managing director of the company, spoke to analysts about the quarter's results. Naukri continued to hold its traffic share, while 99Acres continues to be depressed. Although, he attributed that to the general slowdown in the real estate market. Notes from the call: 1. Naukri's performance: In the June quarter, recruitment Solution (including Naukri) reported Rs 143.79 crore in revenues down 3.36 % q-o-q. Recruitment solutions posted a Rs 70.8 crore in profit. - Average of 14,600 fresh CVs were added every day in Q1 - Naukri's data base grew to 47 million CVs - Number of CV modifications averaged at 238,000 per day - In Q1, Naukri serviced 37,000 unique customers versus 33,700 unique customers in Q1 of last year. - Career Site Manager product has 1,700-1,800 customers. Oberoi added that the company was getting anecdotal data on some slowdown in Bangalore and Hyderabad due to decreased hiring activity by startups."Markets like Bengaluru which actually grew at a much higher rate than our sales growth of last year, so if the business grows at 18, 19%, markets like Bengaluru grew at 25, 26% last year, there could be some slowdowns I think in there and partly because of IT and partly because the start-up market is also seeing a slowdown," he…
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