Info Edge’s recruitment segment had billings of Rs 216.3 crore during the March quarter (Q4FY18). This was an increase of 9.2% year-on-year (YoY) as compared to Rs 198 crore in the same quarter last year. However, the recruitment revenue was at Rs 175.2 crore, a growth of 7.4% (YoY). In the full-year (FY 2018), recruitment billings grew 12% to Rs 708 crore while revenue grew 12% to Rs 64 crore. Hitesh Oberoi, Managing Director & CEO said that the slowdown in IT hiring continued to impact growth rate for Naukri. He added that in the IT segment, new customer acquisition, as well as customer retention remained a challenge; as a result, the net customer numbers in IT remains flat for the year. In terms of retention in billing, the IT as a sector (including captive, BPO, CRM, IT startup etc.) did better than other large sectors for Naukri aided by - upgrade by existing clients; BPO, CRM, and captive segments did better as compared to the software services company. The non-IT segment partly compensated for the lower billing growth in IT. Banking and financial services, retail, manufacturing has been other small sectors did well for the company in terms of overall billing growth. The consultant sector was also impacted because of slowness in IT hiring and hence did not fare very well in terms of billing growth. Answering an analyst's question, Oberoi said that markets like Bangalore, Chennai, and Hyderabad were impacted due to the IT slowdown. "Bangalore was our…
