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View All NewsDice.com parent company reports revenue down 7%
DHI Group Inc. (NYSE: DHX) reported fourth-quarter revenue fell 7.3%. revenue fell 9.7% in its largest segment, the Dice.com job board, but revenue in its ClearanceJobs business rose 22.8%.
| (US$ thousands) | Q4 2017 | Q4 2016 | % change |
| Revenue | $50,936 | $54,938 | -7.3% |
| Net income | $11,758 | $5,478 | 114.6% |
The company sold its Health eCareers business on Dec. 4 to Everyday Health Professional, a subsidiary of j2 Global, for $15.0 million, resulting in a $6.7 million pre-tax gain.
DHI Group said it has progressed on its strategy for the remainder of its non-tech portfolio, and expects to finalize a deal to sell the data services division of the Rigzone business in the first quarter. The career services division of Rigzone will remain a part of DHI. The company also continues to respond to interest in the Hcareers business and is exploring a possible deal for the brand. Ownership of the BioSpace business recently transferred to BioSpace management, with DHI retaining a minority stake.
Revenue by segment
| (US$ thousands) | Q4 2017 | Q4 2016 | % change |
| Dice | $26,643 | $29,515 | -9.7% |
| eFinancialCareers | $8,412 | $8,378 | 0.4% |
| ClearanceJobs | $4,705 | $3,831 | 22.8% |
| Total tech-focused business | $39,760 | $41,724 | -4.7% |
| Health eCareers | $4,613 | $6,418 | -28.1% |
| Hcareers | $3,488 | $3,431 | 1.7% |
| Rigzone | $1,856 | $2,029 | -8.5% |
| BioSpace | $1,227 | $1,314 | -6.6% |
| Total non-tech business | $11,184 | $13,192 | -15.2% |
| Slashdot Media and getTalent | ($8) | $22 | -136.4% |
Quote
“Our top company goal for 2017 was to return the Dice business to growth and with demand for tech growth is in our favor; we are seeing some traction in our initiatives but will take more work and more time to stabilize and reinvigorate Dice,” said President and CEO Michael Durney in a conference call with investors.
The company previously announced that Durney plans to step down as president and CEO effective March 31; he has been a senior executive at DHI for more 17 years; he joined the company as CFO in 2000 and has been CEO since 2013. The board appointed a four-person committee and retained executive search firm Heidrick & Struggles in the fall.
Full-year results
| (US$ thousands) | 2017 | 2016 | % change |
| Revenue | $207,950 | $226,970 | -8.4% |
| Net income (loss) | $15,978 | ($5,398) | nm |
Share price and market cap
Shares in DHI Group rose 1.47% to $1.72 as of 1:33 p.m. Eastern time. The company had a market cap of $86.67 million.