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DHI Group Q3 revenue up 2.8% with growth in ClearanceJobs

November 02, 2023

Jobs website operator DHI Group Inc. (NYSE: DHX) reported third-quarter revenue fell 2.8% year over year to $37.4 million. While revenue rose in the company’s ClearanceJobs division, revenue fell at its tech jobs website Dice.

DHI noted high demand for professionals with government security clearances helped fuel growth at ClearanceJobs. Meanwhile, its Dice division was impacted by macroeconomic conditions, according to the company.

“While the current economic environment continues to impact our revenue and bookings, there remains a long-term secular trend for adding more tech workers in the US,” President and CEO Art Zeile said in a press release.

The company had announced a restructuring in May, reducing its then-current workforce by approximately 10%, the company said in a regulatory filing.

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Guidance

DHI Group expects full-year revenue to be flat to up 1% year over year.

Share price

Shares in DHI were down 0.37% to $2.72 as of 11:55 a.m. Eastern time; they set a new 52-week low during today’s trading session when they reached $2.57, according to FT.com.