Hisayuki “Deko” Idekoba, CEO of Indeed.com parent Recruit Holdings isn’t satisfied with the company’s record profit last fiscal year.
“It vexes me that we still haven’t been able to come close to our goal of simplifying hiring,” Idekoba told Bloomberg in a recent interview.
Japan-based Recruit Holdings, which owns Indeed.com, Glassdoor, SimplyHired and several other properties in online travel booking, real-estate listings, payments and other consumer markets, posted $22.2 billion in revenue in FY2021 with earnings before income tax, depreciation and amortization (EBITDA) and $3.7 billion.
Its HR Technology segment, containing the job sites, grew revenue 91.6% year-on-year to $7.6 billion with an EBITDA margin of 34%.
“They’re just numbers,” Idekoba told Bloomberg.
“We still need to improve the product,” he added, saying online hiring lagged the web-travel market by a decade. “We need to know our users much better.”
Idekoba also gave some hints about Recruit’s M&A strategy. See the full interview here.