Welcome to our dedicated page for DHI Group news (Ticker: DHX), a resource for investors and traders seeking the latest updates and insights on DHI Group stock.
DHI Group, Inc. (NYSE: DHX), formerly known as Dice Holdings, Inc., stands as a prominent provider of specialized websites and services catering to professional communities across various sectors such as technology, security clearance, financial services, energy, healthcare, and hospitality. The company's mission is to empower professionals and organizations to thrive by offering specialized insights and forging relevant connections.
Employers and recruiters leverage DHI Group's platforms to source and hire highly qualified professionals in niche and highly-skilled occupations. Likewise, professionals use these platforms to discover prime employment opportunities and stay informed with the latest news and information pertinent to their fields of expertise.
For nearly 25 years, DHI Group has carved a niche by providing employers and recruiters with efficient access to high-quality, unique professional communities. Simultaneously, it ensures these communities have access to top-tier career opportunities, news, tools, and information.
DHI Group's Brands and Services:
- Dice: A dedicated career hub for technology professionals, enabling recruiters and hiring managers to efficiently find and connect with skilled technologists.
- ClearanceJobs: A specialized platform that connects recruiters with candidates holding active government security clearances, ensuring employers find the right talent for sensitive and classified roles.
The majority of DHI Group's revenue is generated from the sale of recruitment packages. These packages allow customers to promote jobs on their websites and access a comprehensive resume database. Typically, these services are offered through contractual arrangements with flexible payment terms, be it annual, quarterly, or monthly.
Recent achievements and projects at DHI Group highlight its commitment to innovation and efficiency. The company continues to enhance its offerings with artificial intelligence-powered software products and online tools, delivering superior career marketplaces to both candidates and employers on a global scale.
DHI Group, Inc. remains a pivotal player in the recruitment industry, driving forward with a clear focus on connecting specialized talent with the right opportunities. Its continuous adaptation to industry needs and technological advancements keeps it at the forefront of professional community services.
DHI Group, Inc. (NYSE: DHX) has launched Dice Match, a new feature on its job marketplace Dice, aimed at enhancing job matching for tech professionals.
Since its launch on March 1, Dice Match has engaged nearly 120,000 users, leading to over 550,000 job applications by April 12.
This tool employs patented taxonomy and advanced machine learning to optimize job searches based on users' skills and experience, streamlining the hiring process for recruiters.
Art Zeile, CEO of Dice, emphasized the importance of efficient job searches, asserting that the new feature allows users to focus on roles that closely match their qualifications, ultimately benefiting both applicants and employers.
DHI Group, Inc. (NYSE: DHX) has announced the successful launch of its new Invite to Apply feature on the Dice platform, significantly enhancing the job application process for tech roles. In its initial months, the feature has achieved an apply rate of over 10%, nearly double the industry average of 5.97%. Launched in January 2023, this feature enables recruiters to send personalized emails to qualified candidates, thereby improving engagement. Benefits include reducing application drop-off rates, encouraging qualified yet hesitant candidates, and building trust with tech professionals, all aimed at securing top talent in a competitive market.
Tech salaries in the U.S. increased by 2.3% in 2022, reaching an average of
DHI Group, Inc. (NYSE: DHX) announced the release of the 2023 Security Clearance Compensation Report by ClearanceJobs, highlighting a 7% increase in average total compensation to
ClearanceJobs has partnered with SkillStorm to enhance access to technology jobs for professionals with federal security clearance. This initiative aims to address skill gaps in high-demand tech roles, enabling 1.4 million ClearanceJobs members to access instructor-led training and earn credentials from major tech employers like AWS and Salesforce. The partnership seeks to fill the talent shortage in federal tech roles, compounded by slow security clearance application processes. By providing targeted training, the collaboration intends to create a proficient talent pipeline equipped for sensitive work within government agencies.
DHI Group, Inc. (NYSE: DHX) has authorized a new stock repurchase program allowing for the buyback of up to
DHI Group, Inc. (NYSE: DHX) reported financial results for Q4 and the full year ended December 31, 2022, showcasing robust growth. Q4 revenue rose 18% to $39.8 million, with net income increasing to $2.4 million from $0.2 million year-over-year. Adjusted EBITDA stood at $8.1 million, maintaining a 20% margin. For the full year, total revenue reached $149.7 million, a 25% increase. The company witnessed a net income turnaround from a $29.7 million loss to $4.2 million. Looking ahead, DHI anticipates low double-digit revenue growth in 2023 and aims to preserve adjusted EBITDA margins around 20%.
DHI Group, Inc. (NYSE: DHX) will report its fourth quarter and full year financial results for the period ending December 31, 2022, on February 7, 2023. The announcement will occur after market close, followed by a conference call and webcast at 5:00 PM ET, featuring CEO Art Zeile and CFO Kevin Bostick. Investors can access the results through the Investor Relations section of the company's website. A replay of the call will be available until February 14, 2023. DHI focuses on AI-powered career marketplaces for technology roles, operating Dice and ClearanceJobs brands.
Job postings for technology roles increased by 25% from January to October 2022 compared to 2021, according to the Tech Job Report by Dice. Over 375,000 tech jobs were posted in October 2022, driven by high demand in non-tech sectors like healthcare and finance. Despite significant tech layoffs, demand for tech talent remains strong, particularly for software and data roles, which saw posting increases of 139.5% and 121.5%. Emerging tech hubs like Florida and Texas are experiencing notable growth in job postings.
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