In an interview to CNBC-TV18, Ambarish Raghuvanshi, CFO of Info Edge spoke about the company‘s Q1 numbers and future plans. He said the company will be investing in advertizing for 99acres and Shiksha this quarter.
Info Edge's main source of revenue continues to come from Naukri.com, even though other businesses like other businesses like Jeevansathi.com, the Candidate Services in Naukri.com or the Shiksha.com business are growing fast too.
Hitesh Oberoi, CEO & MD, Info Edge explains on CNBC-TV18, post announcement of results, that the company is adequately cushion by cash reserves of close to Rs 500 crore and hence there arose no need to raise funds. Oberoi adds that the company‘s realty arm 99acres.com and education portal Shiksha.com have performed well
Ambaresh Raghuvanshi, CFO, Info Edge expects the company‘s performance to improve from Q4 and added that the hiring environment has been weak in the second quarter. Besides, he does not see much pressure on pricing at the moment.
Info Edge saw an extraordinary performance in Q4, overriding estimates and clocking almost a 50% rise in profits.
Info Edge is to announce its fourth quarter results. According is to announce its Q4FY12 rupee revenue up 18.7% at Rs 96.7 crore versus Rs 81.5 crore, QoQ.
In an interview with CNBC-TV18, Hitesh Oberoi, CEO and MD, Info Edge says, the company’s operating profit after tax (PAT) is up 30% over last year. “If the economy stays good, we are hoping that we will do more than 20% next year as well in terms of top-line growth in Naukri,” he adds.
Info Edge India is to announce its fourth quarter results. According to CNBC-TV18’s estimates, the company’s Q4 net sales are seen up 8.17% at Rs 81.2 crore versus Rs 75.07 crore.
In an interview with CNBC-TV18, Hitesh Oberoi, MD and CEO, Info Edge, spoke about the results and his outlook for the company.