DHI Group, Inc. - DHX STOCK NEWS

In Q2 2021, tech job postings surged by 16% nationwide, with 78% of the top 50 tech employers increasing their postings. Emerging tech hubs like Las Vegas and Nashville saw the most significant growth, with Las Vegas leading at 43%. The tech unemployment rate remains low at 2.2%, showcasing the high demand for technologists across various sectors, including tech, defense, healthcare, and finance. Skills such as Python and project management showed notable increases in job postings, reflecting ongoing trends towards skilled tech roles.

DHI Group, Inc. (NYSE:DHX) reported a strong performance in Q2 2021 with total revenue rising to $28.7 million, up 4% year-over-year. Bookings increased significantly by 23% to $27.9 million. However, the company faced a loss from continuing operations of $0.2 million, down from an income of $1.2 million a year ago. Adjusted EBITDA improved to $7.1 million, reflecting a margin of 25%. The company announced a $12 million increase in its stock buyback program, bringing the total to $20 million through June 2022.

DHI Group, Inc. (NYSE: DHX) will report its financial results for Q2 ended June 30, 2021, on August 5, 2021, post-market. The results will be discussed in a conference call at 5:00 PM ET, led by CEO Art Zeile and CFO Kevin Bostick. Investors can participate by calling +1-844-890-1790, with international access at +1-412-380-7407. A webcast will also be available on the company's website. Replays of the call will be accessible until August 12, 2021.

DHI Group, Inc. (NYSE: DHX) announced on July 1, 2021, the transfer of majority ownership of its eFinancialCareers (eFC) business to its management team, retaining a 40% equity interest. This shift allows DHI to concentrate on the U.S. technology career marketplace via its brands, Dice and ClearanceJobs. CEO Art Zeile stated that this strategic focus, alongside strong revenue trends, will enhance long-term value for stakeholders. CFO Kevin Bostick indicated expected total revenue growth for Q2 2021, following the spinoff.

DHI Group, Inc. (NYSE: DHX) announced a significant expansion of its stock buyback program, now totaling $20 million. Authorized by the Board of Directors, this includes an additional $12 million, following a prior $8 million authorization in February 2021, with around $1.3 million already utilized. The program aims to enhance shareholder value and reflects confidence in the company's future. Repurchases may commence or cease based on market conditions and will be effective until June 2022.

The 2021 Technologist Sentiment Report by Dice reveals a strong preference among tech workers for hybrid and remote working models. Only 17% of technologists favor full-time office work, while 59% prefer working remotely or in a hybrid setup. The desire for full remote work has dropped from 41% in Q4 2020 to 29% in Q2 2021. Although overall job satisfaction has risen, 48% of technologists are considering changing jobs this year, up from 40% in the previous quarter. The report highlights key insights for employers aiming to attract top talent.

DHI Group, Inc. (NYSE: DHX) will participate in the Summer Solstice Best Ideas from the Buy Side Conference on June 2, 2021, at 1:30 PM ET. CEO Art Zeile and CFO Kevin Bostick will present and host one-on-one meetings with investors. A webcast of the presentation will be accessible on their investor relations website, with an audio recording available afterward. DHI Group offers software solutions and career marketplaces through its brands — Dice, ClearanceJobs, and eFinancialCareers — across multiple global markets.

DHI Group, Inc. (NYSE: DHX) announced its participation in the Sidoti & Co. Virtual Microcap Conference on May 19-20, 2021. CEO Art Zeile and CFO Kevin Bostick will present on May 19 at 11:30 AM ET and will engage in one-on-one meetings with institutional investors. A webcast will be accessible on the company's investor relations website, with an audio recording available post-event. DHI specializes in career marketplaces via its brands: Dice, ClearanceJobs, and eFinancialCareers, connecting skilled professionals with employers globally.

In Q1 2021, tech job postings surged by 28%, indicating a strong recovery in the tech labor market, according to the Dice Tech Job Report. Over 307,000 positions were open in March alone, with 60% of employers posting more jobs than in the same period last year. Key cities like Richmond, VA and Atlanta, GA experienced significant month-over-month growth. Skills such as machine learning and DevOps remain in high demand, contributing to a positive outlook for tech hiring throughout 2021.