Job board operator DHI Group Inc.’s (NYSE: DHX) first-quarter revenue rose 12.5% year over year to $38.6 million. Revenue rose in both its Dice and ClearanceJobs segments, up 9.2% and 20.7%, respectively.

“Even in this difficult macro environment, there continues to be significant demand for technologists across all industries as companies continue to invest in technology initiatives,” President and CEO Art Zeile said.

Revenue renewal rates for Dice and ClearanceJobs remain in the mid-90s with retention rates over 100%.

DHI’s new business teams are seeing longer sales cycles as a result of macroeconomic uncertainty, Zeile said, but the company signed on several large customers, including Edward Jones, Bechtel and the US Department of Transportation.

Guidance

DHI forecast second-quarter revenue will be up between 4% and 5% year over year. Revenue for the full year is expected to be up 5% to 6%.

Share price and market cap

Shares in DHI were down 9.38% to $3.09 as of 11:43 a.m. Eastern time; they set a new 52-week low today when they reached $3.00, according to FT.com. DHI has a market cap of $164.6 million.