Monster Posts Revenue Dip

April 30, 2012 – Monster Worldwide, Inc./(NYSE:MWW) has posted revenues of $246.1 million for the first quarter ended March 31, 2012, compared with $261.4 million in the comparable quarter of 2009, a six percent drop. During the quarter, Monster reported a net income of $3.7 million compared to net income of $78,000 or break even per share profits last year. Non-GAAP Careers-North America revenue was $120 million, a decrease of three percent compared to $124 million in the first quarter of 2011. Careers-International reported revenue of $107 million, flat compared to the same period a year ago. Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, said: “Our first quarter 2012 results were driven by better execution in North America and our continued focus on profitability. Our advanced technology product suite, including career ad network and power resume search, continues to be well-received by our customers as evidenced by robust growth in our government solutions business and improved results in our staffing vertical.”