Noida-based online classifieds company Info Edge, which owns Naukri.com informed the stock exchanges that its websites faced intermittent outages for over 11 hours on June 7.
The publicly listed company said that its job search websites naukri.com, naukrigulf.com and firstnaukri.com were impacted by these outages.
“This is to inform you that the following websites of the company faced intermittent outages from morning around 09:50 am of June 7, 2021 till about 09:00 pm in the evening by which time the issue was resolved and the websites were fully functional,” said the company in its statement.
The company said it does not expect these intermittent outages to make any material impact on the overall business of the company. The company did not explain what caused these outages.
Info Edge is an internet company founded by Sanjeev Bikhchandani in 1995. The company runs 11 subsidiaries, including real estate platform allcheckdeals.com, software company Interactive Visual Solutions and Smart Web, matrimonial website jeevansathi.com, job portal naukri.com, Delhi-based Newwinc Internet Service, along with Startup Internet Services, Startup Investments, Diphda Internet Services, HighOrbit Careers and Redstart Labs.
The company also has its own venture fund, through which it has invested in about 16 companies including Zomato, Happily Unmarried and ShopKirana among others. Info Edge owns about 17% stake in Zomato, and may turn out to be the biggest shareholders as ANT Group may partially exit the food aggregator business in its upcoming pre-IPO round. It also counts insurance tech startup PolicyBazaar as one of its portfolio companies.
In April, Info Edge (India) proposed the amalgamation of its subsidiary Makesense Technologies, which provides solutions regarding placement consultancy, personnel recruitment, staffing and professional hiring, with PB Fintech Limited, the parent company of PolicyBazaar.
Info Edge reported a 107% increase in its consolidated profit on a quarterly basis in the third quarter of the financial year 2021. Its net profit has doubled from INR 328 Cr in Q2 to INR 679 Cr in Q3.
The company’s revenue has also increased by 7.4% from INR 289.8 Cr to INR 311.4 Cr in the same time period, while its expenses have marginally decreased by 0.2% to INR 223.3 Cr.
On a year-on-year basis, Info Edge’s revenue has decreased 13.4% and expenses fell by 10%. The company had reported a net loss of INR 62.1 Cr in the financial year 2020.