Up 50%, Dice Revenue Grows Nicely, Says CEO

Job board operator Dice Holdings turned in a financial performance in the 2nd quarter that was in line with Wall Street’s expectations.

Reporting this morning before the U.S. markets opened, Dice reported it earned 11 cents a share on revenue of $44.9 million. Dice beat the Street’s high-end revenue prediction by almost $1 million. Revenue was 50 percent higher than in the 2nd quarter last year, due in part to acquisitions last year, as well as a 48 percent increase from eFinancialCareers, especially in the U.K.

For the current quarter, the company said it expected to earn 13 cents a share, which is what analysts were expecting to hear.

The largest company segment was tech and clearance, where revenue from the company’s flagship tech site, Dice.com, and from ClearanceJobs.com, was 32 percent ahead of the same quarter last year.

Scot Melland, Dice chairman, CEO and president, said business on the tech site in particular “continued to grow nicely.” Speaking during a conference-call presentation this morning, he predicted “the healthy tech recruiting market to continue for the forseeable future.” Financial recruiting, he said, will “moderate” some in the second half of the year.

He also offered an opinion that the job market, while hardly robust and weaker now than it was a few months back, is “not as bad as people think it is.” The recovery, he said, “really is a sector story,” pointing out that tech, healthcare, even manufacturing have been improving more rapidly than finance, construction, or government, which are either cutting jobs or struggling to stay even.

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In response to a question about the impact of LinkedIn, Melland observed that while investors have only started paying close attention since LinkedIn announced its IPO a few months ago, Dice and other recruitment publishers have been competing with the company for several years.

“They (LinkedIn) get a piece of the business,” he said, ” We get a piece.”

“Customers,” he added, ” generally buy both services because they use us in different ways.”

Dice stock climbed sharply after the market’s opening, rising to $14.61 from its close, Monday, at $13.44 a share. It has since fallen back to $14.09, up 4.84 percent on the day. The Dow, meanwhile, is off .44 percent.

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.


2 Comments on “Up 50%, Dice Revenue Grows Nicely, Says CEO

  1. What I’d be curious to learn, is what % of revenue is growing from international postings vs. U.S. and what that trend has been. I guess I fell into the trap like many others about the death of job boards, but when I look at data that CareerXroads shared that 30%+ of placements still come from them … they seem to really have their place. “The reports of my death have been greatly exaggerated …” Said Job Boards …. and Mark Twain.

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