Info Edge which posted flat revenues in the third quarter is hopeful that with an improvement in economic activity and hiring, their principal business, Naukri will grow at slightly rapid rate.
"As business confidence levels across corporate India have weakened, hiring has definitely taken a hit across sectors. That means Naukari's revenues have decelerated," Raghuvanshi, CFO of Info Edge told CNBC-TV18 in an interview.
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.
In an interview to CNBC-TV18, Ambaresh Raghuvanshi, chief financial officer of Info Edge says, the hiring environment continues to be weaker. “The recruiting market is definitely a little weaker than it was same time last year. It's definitely weaker than a couple of quarters back,” he adds.