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) announced its participation in two upcoming investor conferences. The Sidoti Micro-Cap Virtual Conference is set for August 18, 2022, at 9:15 AM ET, featuring a formal presentation and one-on-one meetings. The Lake Street 6th Annual Best Ideas Growth Conference will take place on September 14, 2022, at The Yale Club in New York, NY, focusing on one-on-one meetings. CEO Art Zeile and CFO Kevin Bostick will represent the company and a live webcast of the Sidoti presentation will be available on the company's website.
DHI Group, Inc. (NYSE: DHX) announced a virtual investor day scheduled for September 8, 2022, at 1:00 p.m. Eastern time. The event, themed "Where Tech Connects," will feature senior management discussing various topics, including the tech hiring market, sales growth strategies, and the company's financial outlook. Key speakers will include Art Zeile, CEO, and other executives. A live Q&A session will follow the presentations, and questions can be submitted until September 6, 2022. Interested participants can register via DHI's website.
DHI Group, Inc. (NYSE: DHX) reported a strong second quarter with revenue of $37.1 million, up 29% year-over-year. Net income reached $1.5 million, compared to a net loss of $30.2 million in the previous year. The company also increased its full-year revenue guidance to $145-147 million, reflecting 21-23% year-over-year growth. Key highlights include a 27% increase in total bookings and a robust 99% revenue renewal rate for its Dice and ClearanceJobs offerings. DHI anticipates continued growth amid rising demand for tech jobs, with U.S. employers posting 1.6 million tech positions.
DHI Group, Inc. (NYSE: DHX) will report its financial results for the second quarter ended June 30, 2022, on August 3, 2022, after market close. A conference call led by CEO Art Zeile and CFO Kevin Bostick will take place at 5:00 PM Eastern time to discuss these results. The financial press release will be available on the Company's website prior to the call. Investors can access the call by dialing +1-844-890-1790, and a replay will be offered until August 10, 2022.
The latest report from Dice indicates a robust recovery in tech hiring, with job postings up 83% year-to-date and 42% from April to May 2022. This marks the sixth consecutive quarter of growth in tech job postings. Key sectors experiencing significant growth include consulting (66%), finance (tripled), healthcare (19%), manufacturing (doubled), and retail (38%). Despite some layoffs in specific companies, the overall tech hiring market remains strong, fueled by increasing demand for skilled workers.
DHI Group, Inc. (NYSE: DHX) announced an amended credit agreement increasing its revolving credit facility from $90 million to $100 million, with a possible additional $50 million through an accordion feature. The credit facility's maturity date has been extended to June 2027. At closing, DHI will have $30 million drawn from the facility. The unchanged pricing structure will now be SOFR-based. The company aims to increase financial flexibility to support its growth strategy, highlighting lender confidence.
DHI Group, Inc. (NYSE: DHX) announced that the United States Patent & Trademark Office has issued a patent for the taxonomy used in its Dice service. This technology helps job seekers find relevant positions and assists employers in locating qualified candidates efficiently. The patent supports Dice's proprietary data model, enhancing its IntelliSearch™ algorithm, which matches technology skills with job requirements. This advancement is aimed at increasing efficiency and accuracy in recruitment, benefiting both job seekers and employers in the tech sector.
DHI Group, Inc. (NYSE: DHX) has announced its participation in three investor conferences in June 2022, including the Cowen Technology, Media & Telecom Conference on June 2, the LD Micro Invitational on June 7, and the East Coast IDEAS Conference on June 22. CEO Art Zeile and CFO Kevin Bostick will present and hold one-on-one meetings with investors at these events, which will be available for live webcast and replay. DHI specializes in AI-powered career marketplaces focused on technology roles through its brands, Dice and ClearanceJobs.
On May 18, 2022, Dice, a brand of DHI Group (NYSE: DHX), launched **social profiles** from open web data for all clients via its **TalentSearch** platform. This enhancement aims to provide **recruiters** access to a vast pool of **tech professionals**, improving the candidate sourcing process. With these profiles, recruiters can reach more candidates, refine searches using AI, and avoid additional costs associated with other platforms. Dice continues to innovate in the recruitment sector, supporting clients' needs in a challenging hiring environment.
FAQ
What is the current stock price of DHI Group (DHX)?
What is the market cap of DHI Group (DHX)?
What does DHI Group, Inc. specialize in?
How does DHI Group generate revenue?
What are the primary brands under DHI Group?
How long has DHI Group been in operation?
What is the mission of DHI Group, Inc.?
What types of payment terms are available for DHI Group's recruitment packages?
How do professionals benefit from DHI Group's platforms?
What recent innovations has DHI Group introduced?
What is the significance of ClearanceJobs under DHI Group?
How does DHI Group maintain its market position?
