(Adds details, Q3, Q4 outlook)
Aug 15 Online career and recruitment company
Dice Holdings Inc. (DHX.N) reported a 16 percent drop in
quarterly profit as total operating expenses leaped 77 percent.
The company, which had its initial public offering in July,
posted second-quarter net income of $1.6 million, or 3 cents a
share, compared with $1.9 million, or 4 cents a share, in the
Dice Holdings, which is best known for its namesake
tech-job recruiting Web site Dice.com, said revenue for the
quarter rose 79 percent to $34.5 million.
The rise was primarily driven by an increase in the number
of recruitment package customers and in the average revenue per
recruitment package customer at Dice.com, it added.
The company, whose career Web sites compete with others
such as Monster.com, Careerbuilder.com, and HotJobs.com,
forecast third-quarter net income of $2.8 million to $3.5
million, on revenue of $36 million to $37 million.
For the fourth quarter, it expects net income of $3.9
million to $4.7 million on revenue of $37 million to $38
In addition to its tech-centric career site, Dice Holdings
caters to the worldwide financial sector as well as federal
jobs that require high-security clearance, with sister sites
eFinancialCareers.com, JobsintheMoney.com and
(Reporting by Dilipp S. Nag in Bangalore)