February 2, 2010 – Dice Holdings, Inc./(NYSE:DHX), a career website for technology and engineering professionals, has recorded revenues of $26.7 million for the fourth quarter ended December 31, 2009, a decline of 25 percent from $35.5 million in the comparable quarter of 2008. Both Dice.com and eFinancialCareers.com have been impacted by recruitment activity which improved from the third quarter of 2009, but is still significantly lower than the fourth quarter of 2008. The company reported net income of $3.9 million, or six cents per share, compared to a net loss of $2.9 million in the fourth quarter of 2008. Total revenues for the 2009 year decreased 29 percent to $110 million, compared to $155 million in 2008. eFinancialCareers contributed revenues of $23 million, a decrease of 38 percent. Net income for the year was $13.5 million, a decline of 12 percent from 2008. “Recruitment activity continues to improve in our core technology and finance sectors. This improvement built gradually through the latter part of 2009 and was most apparent in the U.S. and the U.K., our two largest markets,” said Scot Melland, chairman, president and CEO. “Given the improvement in activity levels and our sizeable customer opportunity, we are increasing investment in product development and marketing to bring more value to our customers and professionals and to capitalize on the better market conditions.” Dice recently launched radio ads on CBS stations in the New York City metro area.
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