Dice Reports Strong Growth, But Is Cautious About What’s Ahead

Strong demand for IT and finance helped propel job board operator Dice Holdings to a 36 percent increase in revenue and a 51 percent jump in earnings.

The company this morning reported earning $9.3 million on revenue of $46.8 million in the 3rd quarter, yielding per share earning of 13 cents. Last year for the same quarter the company earned 9 cents per share.

The company said growth was driven by its flagship site, Dice.com, which saw an 18 percent increase in its recruitment-package customers whose average monthly spend grew by 12 percent. The eFinancialCareers operations also saw strong growth with a 29 percent increase over the same quarter last year.

Overall, the numbers were in line with analysts’ expectations. Revenue, in fact, slightly exceeded the estimates.

However, company officials estimated revenue for the current 4th quarter would come in at $47.5 million, $1 million below what Wall Street was projecting. The guidance pushed Dice’s stock to a low of $8.50 after opening at $9.50.

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Dice CEO Scot Melland said, “Recruitment activity did improve in September after a seasonally slower summer; however, the magnitude was less than what we traditionally experience. As expected, recruitment activity slowed in financial services and economic uncertainty is impacting the urgency some companies place on recruiting.’

His comments echoed those of Monster Worldwide executives who noted an apparent slowdown in hiring activity beginning in September. Monster officials said the slowdown appeared to be extending into October.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.


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