Earnings: Dice Swings To Loss; Revs Down 10 Percent As Tech, Financial Jobs Dry Up
This story was written by Tameka Kee.
Dice Holdings had a rough Q4: the online job board provider for careers in the tech, government contractor and financial industries posted a net loss of $2.9 million, or $0.05 per diluted share. That's down from the $1.8 million profit in Q407, and down sharply from the $6.4 million profit the previous quarter. Revenues came in at $35.5 million, down 10 percent from $39.5 million in Q407and down 10.4 percent from the previous quarter. The company said currency conversions between the pound and the dollar helped to drag down revenues by $2.3 million. The poor performance extended to all three of the company's segments:
DCS Online: Job listings on the IT site Dice.com and government security-focused ClearanceJobs made up 72 percent of all the company's revenues; at $25.6 million, revenues were down 5 percent year-over-year.
eFinancialCareers: The company's international division accounted for 22 percent of all revenues; at $7.6 million, revenues were down 21 percent year-over-year. Currency conversions hammered this divisionthough the company said a revenue decrease in the U.K. market was offset by stronger performance in smaller markets.
Other: The remaining 6 percent of revs stem from sites like JobsintheMoney and the company's job fair business Targeted Job Fairs. This revenue came in at $2.2 million, down 19 percent year-over-year.
By Tameka Kee