DHI Group reports fourth-quarter net loss
BPC Staff Feb 3, 2016 | 4:27 pm
1 min read time
154 wordsAll Latest News, Education, Innovation and EntrepreneurshipDHI Group Inc., formerly known as Dice Holdings Inc., today reported a quarterly net loss of $28.2 million, or 56 cents per share. The company recorded a non-cash impairment charge of $34.8 million, or 68 cents per share, related to a partial write-down of energy segment goodwill in the quarter, led by further decline in the energy sector. For the fourth quarter, DHI had total revenues of $65.1 million, and the company recorded growth in revenues and adjusted earnings in each of its core segments except energy. For 2016, “We have exciting new products in the pipeline that will further expand our market opportunity across all of our brands and beyond, as customers continue to look to new tools to help find and engage with professionals,” President and CEO Michael Durney said. DHI, with operations in Urbandale, is a leading provider of data, insights and employment connections through its specialized services for professional communities.