Dice Records Five Percent Revenue Increase
May 14, 2015 – Dice Holdings, Inc./(NYSE:DHX) has recorded first quarter revenues of $63.8 million, an increase of five percent from $60.7 million in the comparable quarter of 2014. The rise was primarily due to higher year-over-year sales and marketing expense and additional headcount in part resulting from the acquisition of OilCareers in March 2014, partially offset by lower depreciation and amortization expenses.
Net income for the quarter totaled $5.1 million, resulting in diluted earnings per share of $0.09, this compares to earnings of $4.4 million, or $0.08 per share, last year. The results met Wall Street expectations. Adjusted EBITDA totaled $17.6 million, or 28 percent of adjusted revenues. The company expects full-year earnings to be 46 cents to 50 cents per share, with revenue ranging from $263 million to $271 million.
Dice Holdings shares have decreased 11 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.
"Looking ahead to the balance of 2015, we will continue to build on the accomplishments of 2014 and are making measurable progress on our key strategic initiatives,” said Michael Durney, president and CEO.
“Today, we have a more diversified, multi-brand business model that enables us to offset, in part, near-term headwinds from currency effects and the reduction in recruitment and advertising activity in our energy business while continuing to build a stronger platform for longer-term growth."