Dice.com boosts Dice Holdings’ fourth-quarter earnings
An increase in recruitment package customers and eFinancialCareers operations helped boost New York-based Dice Holdings Inc.’s revenues 49 percent to $39.5 million in the fourth quarter ended Dec. 31, compared with $26.6 million in the previous-year period. Operating income rose 76 percent for the quarter to $9.4 million, and income from continuing operations increased 60 percent to $3.7 million.
“Overall, despite a challenging market environment, our results underscore our view that the long-term global opportunity for our business is unchanged,” said company Chairman, President and CEO Scot Melland in a press release. “In 2008, we plan to continue executing our three-pronged strategic plan to further build professional communities organically, globally and by acquisition.”
Operating income was partially offset by a $2.9 million non-cash impairment charge related to the intangible assets of JobsintheMoney.com, which was acquired as part of the eFinancialCareers transaction in October 2006.
Total revenues for the entire year were $142.4 million, compared with $83.4 million in 2006. This was led by growth in recruitment package customers and average revenues per recruitment package customer at the company’s Urbandale-based Dice.com operation as well as the acquisition of eFinancialCareers.