Info Edge’s recruitment segment had billings of Rs 163.2 crore during the December quarter (Q3FY18). This was an increase of 13% year-on-year (YoY). However, the recruitment revenue was at Rs 169 crore, a growth of 20% (YoY). Hitesh Oberoi, Managing Director & CEO of Info Edge said in the call that revenue growth in Q3 was higher than billing growth as skew in Q2 billings towards the quarter end is now being recognized completely in Q3. He also said that slowdown in IT hiring impacted growth rate of its recruitment business in markets like Bengaluru. "Going forward we expect an increase in marketing cost for recruitment in Q4 as we have launched our new TV ad campaign for Naukri, which is running across various TV channels," he added. Naukri’s operational numbers In Q3 Naukri added an average of 14600 resh CVs everyday Vs 13000 last year The Naukri database grew to around 56 million CVs. The number of CV modifications stood at 294000 per day Vs 211000 per day last year. In Q3FY18, Naukri’s traffic share continues to be about 72% On a question of blue-collar jobs segment, Oberoi said, "Naukri platform works very well when you want to hire people who have a CV right... So to the extent that there are some sort of blue collar jobs where CV is very valuable for example if you are a mechanic or if you are an IT professional so actually the premium blue collar job... but let us say if you are just…
