DHI Group Inc. (NYSE: DHX), which operates Dice and other job boards, reported third-quarter revenue fell 25.8%. The company attributed the decrease primarily to the divestitures of all of its nontech businesses since December 2017; tech-focused revenue, excluding Dice Europe, edged down 1% year over year to $37.5 million.

The decrease was also due to a 6% year-over-year decline in Dice revenue caused by a decrease in recruitment package customers during the same period. That decline was partially offset by 22% increase in ClearanceJobs revenue and a 2% increase in eFinancialCareers revenue.

Dice in September transferred a majority ownership of its Rigzone business to Rigzone’s management team. It sold its Health eCareers business to Everyday Health Professional in December; transferred majority ownership of BioSpace to the division’s management on Jan. 31; sold RigLogix — the data services division of its Rigzone business — on Feb. 20; and sold Hcareers, a job site targeting the hospitality market, to Virgil Holdings Inc. in May.

Revenue by segment

Net income fell 12.1%, including $1.9 million from disposition-related and other costs, and a loss on the spinoff of Rigzone.

Quote

“We made meaningful strides forward on the product side and our on-time launch of TalentSearch to Dice customers has been met with favorable results,” President and CEO Art Zeile said. “The changes we made in our sales organization have delivered early wins in attracting new enterprise clients. We are executing well and are fully focused on capitalizing on the opportunity to address a substantial, unmet need in the market for recruiting technology professionals.”

Share price and market cap

DHI shares were up 5.39% to $1.76 at 11:01 a.m. Pacific time; the company had a market cap of $89.72 million, according to FT.com.