Daily News
View All NewsDice.com parent company reports revenue down 18%; eyeing Hcareers sale
DHI Group Inc. (NYSE: DHX) reported first-quarter revenue fell 17.5%. Revenue fell 11.3% in its largest segment, the Dice.com job board, but revenue in its ClearanceJobs business rose 20.3%.
| (US$ thousands) | Q1 2018 | Q1 2017 | % change |
| Revenue | $43,071 | $52,190 | -17.5% |
| Net income | $3,503 | $1,340 | 161.4% |
The company sold its Health eCareers business on Dec. 4 to Everyday Health Professional, a subsidiary of j2 Global, for $15.0 million. The company said it continued its progress on the divestiture of noncore businesses. It sold RigLogix — the data services division of the Rigzone business — on Feb. 20; and transferred majority ownership of BioSpace to BioSpace management on Jan. 31, with DHI retaining a minority stake.
DHI, which named Art Zeile as it new CEO effective April 10, also stated there is “strong interest” in Hcareers and the company is currently engaged with a potential buyer for that business.
Revenue by segment
| (US$ thousands) | Q1 2018 | Q1 2017 | % change |
| Dice | $24,574 | $27,697 | -11.3% |
| eFinancialCareers | $8,563 | $7,858 | 9.0% |
| ClearanceJobs | $4,804 | $3,994 | 20.3% |
| Total tech-focused business | $37,941 | $39,549 | -4.1% |
| Health eCareers | - | $6,714 | nm |
| Hcareers | $3,393 | $3,571 | -5.0% |
| Rigzone | $1,525 | $1,661 | -8.2% |
| BioSpace | $212 | $669 | -68.3% |
| getTalent | - | $26 | nm |
| Corporate & other | $5,130 | $5,927 | -13.4% |
Quote
“First-quarter results met our expectation that fourth quarter trends would continue as we begin the year,” said CFO Luc Grégoire. “We are starting to see signs of traction, particularly in revenue renewal rates at Dice, the stabilization of eFinancialCareers and continued solid growth at ClearanceJobs. The efficiencies we’ve gained through our functional alignment and tech-focused strategy allow us to invest in product and marketing while being sharply focused on maintaining profitability.”
Share price and market cap
Shares in DHI Group rose 7.41% to $1.45 as of 12:43 p.m. Eastern time. The company had a market cap of $74.98 million.