DHI Group Q4 earnings down

11 Feb 2019

DHI Group (Nasdaq: DHX), parent company of the tech-job niche site Dice.com, posted Q4 earnings for 2018 that were down 75 percent year-on-year, $2.9 million compared to $11.8 million in Q4 of 2017.

Its earnings report showed Q4 revenues dropped 25 percent to $38 million from $50.9 million the previous year. The “tech-focused” side of the business slid by a smaller margin of 4 percent to $38.0 million from $39.8 in Q4 2017.

Company management stressed profit declines have “narrowed” after recent divestitures of DHI’s non-tech assets.

DHI last year closed Dice Europe and sold its hospitality job board HCareers. In December 2017, it sold another non-tech board HealthECareers.com.

In the firm’s earnings call, DHI Group chief executive Art Ziele enthused about the performance of its board for security-clearance jobs, ClearanceJobs.com, where Q4 revenue of $5.7 million was up 22 percent from Q4 in 2017. That marked the twelfth consecutive quarter of at least 20 percent year-over-year revenue growth.

Ziele said successful features of ClearanceJobs will be implemented this year on Dice.com as well as EFinancial Careers.com. Those features include artificial intelligence technology that assesses candidates’ skills, experience and relevance against job requirements and automatically ranks applicants.

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Greg Spencer