Dice Posts 33 Percent Revenue Decrease

October 23, 2009 – Dice, a career website for technology and engineering professionals, has recorded revenues of $26.7 million for the third quarter ended September 30, 2009, a decline of 33 percent from $39.6 million in the comparable quarter of 2008. The company attributed the decline to a significant decline in recruitment activity which impacted both Dice.com and eFinancialCareers. Net income for the quarter totaled $3.0 million or $0.05 earnings per diluted share. The eFinancialCareers segment, which consists of eFinancialCareers operations outside of North America, recorded a 41 percent drop in revenues. A decline of $0.9 million was the result of an unfavorable currency translation from pound sterling to U.S. dollars. Measured in pound sterling, eFinancialCareers international business declined 32 percent from the same quarter a year ago. Other businesses operated by Dice Holdings, which include the eFinancialCareers operations in North America, AllHealthcareJobs (since the date of acquisition, June 10, 2009), JobsintheMoney and Targeted Job Fairs, have experienced a revenue decline of 43 percent to $1.5 million for the quarter. “The tone of our customer conversations improved during the third quarter as some customers and prospects became more optimistic about the business climate. This mild improvement is not consistent across geographies or customer segments, but, it is encouraging,” said Scot Melland, chairman, president and CEO. “We continue to believe that improvement in the labor markets will lag any improvements in the overall economy. Regardless, we are confident that our specialty focus gives us an edge in our markets.”