Dice Holdings, a provider of niche career sites for professionals, reported financial results for Q3 today.
Total revenues increased 4 percent to $39.6 million versus $38.1 million in the comparable quarter of 2007, primarily driven by increased revenues at the international operations of eFinancialCareers.
Operating income grew 7 percent to $11 million from $10.3 million the same quarter last year as a result of higher revenues and lower amortization of intangible assets.
Diluted earnings per share grew 43 percent to $0.10, and net income totaled $6.4 million.
DCS Online revenues were $27.2 million, or 69 percent of Dice Holdings’ consolidated revenues, a 2% increase from the Q3 2007.
Dice Holdings reports that eFinancialCareers, a niche site the company acquired in 2006, grew 18 percent to $9.9 million from their operations outside of North America.
Within North America, the remaining businesses operated by Dice Holdings, which include eFinancialCareers here in the U.S., JobsintheMoney.com, and Targeted Job Fairs reported a decrease in revenues of 19 percent to $2.6 million. Dice reported that the decline was primarily driven by reduced demand for job fairs and a decrease in revenues at JobsintheMoney.
Scot Melland, Chairman, President and Chief Executive Officer, said, “Given today’s challenging economic environment, it will come as no surprise that recruitment activity is slowing. However, in the third quarter, we continued to see success providing access to highly skilled professionals to our customers. This is highlighted by our modest growth at Dice and 24% growth in local currencies at eFinancialCareers’ international operations, including substantial growth in Asia and the Middle East. As we look ahead to the fourth quarter and 2009, we believe that market conditions will deteriorate further, which will impact our customer and billings performance. However, we are confident in our long term market opportunity and ability to capitalize on it as economic conditions improve.”
Popularity: 6% [?]
Leave a Reply