Sep09 Call: Info Edge: 99Acres Plan Changes, Jeevansathi Price Hike; Recruitment Outlook

MediaNama.com (Oct 23 2009)

Categories:
Markets: Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
Financing: Acquisition, Funding
Other: Jobs, Reports

Quotes

  1. “ We've controlled costs, and can't cut costs beyond this. Now a lot depends on revenue growth. ”
  2. “ The major competitors continues to be MagicBricks. The other two players - Makaan and IndiaProperty are losing out because they're not investing enough. Our marketshare continues to be 35-40% mark in this segment. ”
  3. “ We have a total of 14 offline centres, and have not added any centres in the last 3-4 months, as we try to get the model right. Hopefully we should be able to break even at the end of this financial year. Competition continues to be challenged for cash and capital, and this is helping us improve our position in the marketplace. ”

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  1. Sep09 Call: Info Edge: 99Acres Plan Changes, Jeevansathi Price Hike; Recruitment Outlook In line During the conference call held last evening discussing Info Edge’s results (details) for the quarter ending September 30th 2009, COO Hitesh Oberoi appeared optimistic: “Sales were up by 4%, the slide seems to be getting contained, and we’re seeing demand moving up across sectors and geographies. Most companies are now doing replacement hiring, if [...] More at MediaNama.com (Read Full Article)

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