DHI Group revenue up 29.0%, says demand for technologists shows no signs of slowing

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DHI Group Inc. (NYSE: DHX), a tech jobs website operator, reported second-quarter revenue rose 29.0% year over year. Revenue rose at both its Dice and ClearanceJobs businesses.

(US$ thousands) Q2 2022 Q2 2021 % change
Revenue                   37,057                   28,721 29.0%
Net income/loss                     1,450                 (30,211) nm

“Even in this difficult macro-environment this growing demand for technologists showed no signs of slowing down as US employers posted over 500,000 open tech jobs in June 2022, up more than 62% year over year,” President and CEO Art Zeile said.

Revenue by segment

(US$ thousands) Q2 2022 Q2 2021 % change
Dice                     26,823                   20,583 30.3%
ClearanceJobs                   10,234                     8,138 25.8%

Bookings on Dice rose 27% year over year in the second quarter, and Dice added 137 net new customers.

ClearanceJobs saw booking growth of 27%, and it added 48 net new customers.

Guidance

DHI expects third-quarter revenue to be up between 20% and 23% year over year. Full-year revenue is expected to grow between 21% and 23%.

Share price and market cap

Shares in DHI were down 14.31% to $4.49 as of 12:24 p.m. Eastern time; they were 24.03% above their 52-week low, according to FT.com. The company had a market cap of $248.0 million.