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DHI sees encouraging signs in Q1, though not yet back to normal

May 09, 2024

2024 got off to a more encouraging start, though things aren’t back to pre-pandemic levels, DHI Group (NYSE DHX) CEO Art Zeile said in a press release. First-quarter revenue at the parent company of Dice and ClearanceJobs fell 6.7% to $36.0 million.

“While we suffered from a slump in hiring demand last year, the first three months of 2024 have been more promising, with tech job postings increasing from a low point of 142,000 in December to 191,000 in March as reported by CompTIA,” Zeile said. “The pre-pandemic average was 300,000 job postings per month in 2019 so we aren’t back to normal yet, but we are seeing small signs of improvement.”

Revenue at ClearanceJobs rose 9.7% in the first quarter. Dice revenue fell 13.9%.

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Guidance

The company expects full-year 2024 revenue to decline by the low single digits.

Share price

Shares in DHI Group were down 13.09% to $2.39 as of 12:01 p.m. Eastern time today. They were 21.32% above their 52-week low.