Dice Posts 33 Percent Revenue Decline

July 28, 2009 – Dice, a career website for technology and engineering professionals, has recorded revenues of $27 million for the quarter ended June 30, 2009, a decline of 33 percent from $40.3 million in the comparable quarter of 2008. The company noted the dip was a result of a significant decline in recruitment activity which impacted both Dice.com and eFinancialCareers. Net income for the quarter totaled $2.8 million or $0.04 earnings per diluted share. “Despite the ongoing significant downturn in recruitment activity, we continue to deliver strong profit margins,” said Scot Melland, chairman, president and CEO. “We are pursuing our strategic initiatives as evidenced by the acquisition of AllHealthcareJobs.com in the second quarter. By entering the healthcare vertical, we have expanded our market opportunity and are actively extending the value of our specialized approach to a large, new set of customers. We remain confident about our long-term prospects as we both fortify and add to our portfolio of leading career sites.”

Share This Article


Notify of
Inline Feedbacks
View all comments