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View All NewsDice.com parent company reports Q2 revenue falls
DHI Group Inc. (NYSE: DHX) reported first-quarter revenue fell 20.6%. The company attributed the decrease primarily to the divestitures of its nontech businesses, including the sale in May of hospitality jobs website Hcareers for $16.5 million.
DHI also announced it will close its Dice Europe operations on Aug. 31 to focus efforts on eFinancialCareers. The closure is not expected to have an adverse effect on DHI’s results of operations in the 2018 third quarter or in future periods.
| (US$ thousands) | Q2 2018 | Q2 2017 | % change |
| Revenue | $41,595 | $52,400 | -20.6% |
| Net income | ($205) | $1,822 | nm |
Revenue fell 7.6% in its largest segment, the Dice.com job board, but revenue in its ClearanceJobs business rose 22.7%.
DHI said the Hcareers sale substantially completed its divestiture of noncore businesses. The company sold its Health eCareers business in December to Everyday Health Professional, a subsidiary of j2 Global, for $15.0 million; RigLogix — the data services division of the Rigzone business — on Feb. 20; and transferred majority ownership of BioSpace to BioSpace management in January, with DHI retaining a minority stake.
Revenue by segment
| (US$ thousands) | Q2 2018 | Q2 2017 | % change |
| Dice | $23,489 | $25,425 | -7.6% |
| eFinancialCareers | $8,467 | $7,978 | 6.1% |
| ClearanceJobs | $5,133 | $4,185 | 22.7% |
| Dice Europe | $1,255 | $1,688 | -25.7% |
| Hcareers | $1,936 | $3,791 | -48.9% |
| Rigzone | $1,315 | $1,785 | -26.3% |
Quote
“I have completed my 100-day review and I am genuinely excited about the prospects for our business,” said Art Zeile, who took over as president CEO in April. “What I have learned over the last three months has confirmed that our strategy for growth is the right one.”
Share price and market cap
Shares in DHI Group were unchanged in trading today at $2.15 as of 12:26 p.m. Eastern time. The company had a market cap of $111.16 million.