6 days ago
Info Edge's Q1 profit grows 32% on year, but falls sequentially
Synopsis
Info Edge reported a 32% increase in net profit for the quarter ending June 30, driven by revenue growth in recruitment and non-recruitment sectors. While overall billings grew, the recruitment business experienced a slowdown due to macroeconomic challenges and contract deferrals. The company remains cautiously optimistic, planning increased investments in 99acres and Jeevansathi to boost market share.
