As a result, renewal activity was impacted, leading to a moderation in overall billings growth," he said at the quarterly earnings call. "Despite the recent moderation in recruitment billings, we remain cautiously optimistic about growth momentum in the quarters ahead," he added. The company's non-recruitment portfolio, which includes real estate listing platform 99acres, matrimony service Jeevansathi and education portal Shiksha, recorded combined billing growth of 17.6% during the quarter, according to an investor presentation. Info Edge's total income rose to Rs 1,004 crore for the quarter from Rs 827 crore a year ago, while expenses increased to Rs 563.8 crore from Rs 484.5 crore. Employee benefit expenses and advertising costs surged 11.7% and 26.8%, respectively. Oberoi cited an advertising campaign during the Indian Premier League for increased marketing expenses on Naukri, and said it plans to moderate spending in this segment.