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Press Release
Dice Holdings, Inc. Reports Third Quarter 2009 Results

Revenues declined 33% to $26.7 million

NEW YORK, Oct. 21 /PRNewswire-FirstCall/ -- Dice Holdings, Inc. (NYSE: DHX), a leading provider of specialized career websites for professional communities, today reported financial results for the quarter ended September 30, 2009.

Third Quarter Operating Results

Revenues for the quarter ended September 30, 2009 totaled $26.7 million, a decline of 33% from $39.6 million in the comparable quarter of 2008, as a result of a significant decline in recruitment activity which impacted both Dice.com and eFinancialCareers. Currency translation from pound sterling to U.S. dollars negatively impacted revenues by $0.9 million or 2% from the same quarter in 2008.

Sales and marketing expense for the quarter ended September 30, 2009 declined $6.1 million or 42% from the same quarter a year ago. This reduction was the primary contributor to the $7.8 million decline in Operating expenses from the comparable 2008 quarter.

Operating income totaled $5.9 million for the quarter ended September 30, 2009 versus $11.0 million in the comparable quarter of 2008. Net income for the quarter ended September 30, 2009 totaled $3.0 million or $0.05 earnings per diluted share.

Net cash provided by operating activities for the quarter ended September 30, 2009 was $5.4 million, compared to $13.1 million in the comparable quarter of 2008.

Adjusted EBITDA for the quarter ended September 30, 2009 was $12.0 million or 45% of revenues, compared with $17.6 million, 45% of revenues, for the third quarter of 2008. See "Notes Regarding the Use of Non-GAAP Financial Measures."

Operating Segment Results

For the quarter ended September 30, 2009, DCS Online revenues were $19.5 million or 73% of Dice Holdings' consolidated revenues, representing a 29% decrease from the comparable 2008 quarter. The decline was a result of fewer Dice.com recruitment package customers and a decrease in the average monthly revenue they generated. Continued strong demand and new customer additions led to a 32% year-over-year increase in revenue at ClearanceJobs.

The eFinancialCareers segment, which consists of eFinancialCareers operations outside of North America, accounted for 22% of Dice Holdings' consolidated revenues in the third quarter of 2009. For the quarter ended September 30, 2009, eFinancialCareers revenues declined 41% to $5.8 million from the comparable 2008 quarter. A decline of $0.9 million was the result of an unfavorable currency translation from pound sterling to U.S. dollars. Measured in pound sterling, eFinancialCareers international business declined 32% from the same quarter a year ago.

The remaining businesses operated by Dice Holdings, which include the eFinancialCareers operations in North America, AllHealthcareJobs (since the date of acquisition, June 10, 2009), JobsintheMoney and Targeted Job Fairs, are reported in the Other category. Other revenues decreased 43% to $1.5 million for the quarter ended September 30, 2009.

Nine Month Operating Results

Total revenues for the nine months ended September 30, 2009 decreased 30% to $83.3 million, compared to $119.5 million in the comparable period in 2008. Reduced recruitment activity as a result of the global recession impacted the demand for our services. Currency translation from pound sterling to U.S. dollars negatively impacted revenues for the nine months ended September 30, 2009 by $4.6 million or 4% from the comparable 2008 period.

By segment, DCS Online revenues decreased 25% to $61.5 million for the nine month period ended September 30, 2009. In the same period, eFinancialCareers contributed revenues of $17.2 million, a decrease of 42% (or 26% measured in pound sterling). Other revenues declined 45% to $4.6 million.

Operating income for the nine months ended September 30, 2009 totaled $19.3 million, a 39% decrease from the comparable period in the prior year. Net income for the nine months ended September 30, 2009 was $9.6 million.

For the nine month period ended September 30, 2009, net cash provided by operating activities totaled $16.4 million compared with $49.8 million for the same period last year.

Adjusted EBITDA for the nine months ended September 30, 2009 was $38.2 million or 46% of revenues, compared with $51.2 million for the same period in 2008 or 43% of revenues. See "Notes Regarding the Use of Non-GAAP Financial Measures."

Balance Sheet

Deferred revenue at September 30, 2009 was $31.6 million compared to $34.9 million at June 30, 2009 and $44.9 million at September 30, 2008. The decreases, compared to each period, are primarily attributable to serving fewer annual recruitment package customers at Dice.com.

Net debt, defined as total debt less cash and cash equivalents and marketable securities, was $6.3 million at September 30, 2009, consisting of total debt of $50.6 million minus cash and cash equivalents and marketable securities of $44.3 million. This compares to net debt of $11.6 million at June 30, 2009, consisting of total debt of $50.9 million minus cash and cash equivalents and marketable securities of $39.3 million.

Management Comments

Scot Melland, Chairman, President and Chief Executive Officer, said, "The tone of our customer conversations improved during the third quarter as some customers and prospects became more optimistic about the business climate. This mild improvement is not consistent across geographies or customer segments, but, it is encouraging." Mr. Melland added, "We continue to believe that improvement in the labor markets will lag any improvements in the overall economy. Regardless, we are confident that our specialty focus gives us an edge in our markets."

Michael Durney, Senior Vice President, Finance and Chief Financial Officer, said, "In the third quarter, we delivered better revenue performance than we thought we would in July. The primary factors were that the renewal rate improved slightly on annual contracts at Dice.com and the seasonal impact of the traditional summer slowdown was more moderate. The incremental revenue dropped straight through to the EBITDA line with margins at 45% in the quarter." Mr. Durney furthered, "Matching our discretionary cost structure to the needs of the marketplace has enabled us to maintain our margins at the high-end of our long-term range. This puts us in a strong position as we continue to invest for long-term growth, including ongoing investments in our newest vertical, healthcare."

Business Outlook

The Company is providing a current, point-in-time view of estimated financial performance based on what it sees as of October 21, 2009 for both the quarter and year ending December 31, 2009. Both periods include the anticipated financial results from AllHealthcareJobs.com acquired on June 10, 2009. The Company's actual performance will vary based on a number of factors including those that are outlined in our Annual Report on Form 10-K for the year ended December 31, 2008, in the sections entitled "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our quarterly reports on Form 10-Q.

                                       Quarter ending     Year ending
                                      December 31, 2009 December 31, 2009
                                      ----------------- -----------------
    Revenues                                     $25 mm       $108.3 mm
                                      ================= =================

    Estimated Contribution by Segment
    ---------------------------------
    DCS Online                                      74%             74%
    eFinancialCareers                               21%             21%
    Other                                            5%              5%

    Sales & Marketing expense                     $8 mm        $34.2 mm
                                      ================= =================

    Adjusted EBITDA                              $10 mm        $48.2 mm


    Depreciation and amortization               $3.4 mm       $17.8  mm
    Non-cash stock compensation expense         $0.7 mm        $5.1  mm
    Interest expense, net                       $1.6 mm        $6.6  mm
    (Gain) loss from interest rate hedges*                      ($1.1) mm
    Income taxes                                $1.6 mm         $7.3 mm
                                      ----------------- -----------------
    Net income                                  $2.7 mm        $12.5 mm
                                      ================= =================

    Adjusted EBITDA Margin                          40%             45%

    Fully diluted share count                     66 mm           66 mm

    *For the purposes of the year ending December 31, 2009 estimate, the gain
    from interest rate hedges only includes the results through the nine
    months ended September 30, 2009.

Conference Call Information

The Company will host a conference call to discuss third quarter 2009 results today at 8:30 a.m. Eastern Time. Hosting the call will be Scot W. Melland, Chairman, President and Chief Executive Officer, and Michael P. Durney, Senior Vice President, Finance and Chief Financial Officer.

The conference call can be accessed live over the phone by dialing 800-299-9630 or for international callers by dialing 617-786-2904; the participant passcode is 41390707. A replay will be available two hours after the call and can be accessed by dialing 888-286-8010 or 617-801-6888 for international callers; the replay passcode is 97032396. The replay will be available until October 28, 2009.

The call will also be webcast live from the Company's website at www.diceholdingsinc.com under the Investor Relations section.

About Dice Holdings, Inc.

Dice Holdings, Inc. (NYSE: DHX) is a leading provider of specialized career websites for professional communities, including technology and engineering, financial services, accounting and finance, healthcare, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 19 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.

Notes Regarding the Use of Non-GAAP Financial Measures

Dice Holdings, Inc. (the "Company") has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States ("GAAP") and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures, such as adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, and other non-recurring income or expense ("Adjusted EBITDA"), free cash flow and net debt, provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. In addition, the Company's management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes.

Adjusted EBITDA

Adjusted EBITDA is a metric used by management to measure operating performance. Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors. The Company also uses this measure to calculate amounts of performance based compensation under the senior management incentive bonus program. Adjusted EBITDA, as defined in our Amended and Restated Credit Facility, represents net income (loss) before interest expense, interest income, income tax expense, depreciation and amortization, non-cash stock compensation expense, extraordinary or non-recurring non-cash income or expense, and to add back the deferred revenues written off in connection with acquisition purchase accounting adjustments.

We consider Adjusted EBITDA, as defined above, to be an important indicator to investors because it provides information related to our ability to provide cash flows to meet future debt service, capital expenditures and working capital requirements and to fund future growth as well as to monitor compliance with financial covenants. We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We present Adjusted EBITDA because covenants in our Amended and Restated Credit Facility contain ratios based on this measure. Our Amended and Restated Credit Facility is material to us because it is one of our primary sources of liquidity. If our Adjusted EBITDA were to decline below certain levels, covenants in our Amended and Restated Credit Facility that are based on Adjusted EBITDA may be violated and could cause, among other things, an inability to incur further indebtedness and in certain circumstances a default or mandatory prepayment under our Amended and Restated Credit Facility.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our profitability or liquidity.

Free Cash Flow

We define free cash flow as net cash provided by operating activities from continuing operations minus capital expenditures. We believe free cash flow is an important non-GAAP measure as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock. We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it excludes cash used for capital expenditures during the period.

Net Debt

Net Debt is defined as total debt less cash and cash equivalents and marketable securities. We consider net debt to be an important measure of liquidity and an indicator of our ability to meet ongoing obligations. We also use net debt, among other measures, in evaluating our choices for capital deployment. Net Debt presented herein is a non-GAAP measure and may not be comparable to similarly titled measures used by other companies.

Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, and the failure to attract qualified professionals or grow the number of qualified professionals who use our websites. These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our quarterly reports on Form 10-Q, all of which are available on the Investor Relations page of our website at www.diceholdingsinc.com.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

                                 DICE HOLDINGS, INC.
                  CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                    (Unaudited)
                      (in thousands except per share amounts)

                                      For the three months For the nine months
                                        ended September 30, ended September 30
                                      --------------------- ------------------
                                              2009    2008     2009      2008
                                           ------- -------- -------- ---------
      Revenues                             $26,733 $39,642  $83,311  $119,492
                                           ------- -------- -------- ---------

      Operating expenses:
            Cost of revenues                 1,929   2,558    5,570     7,459
            Product development              1,130   1,183    2,886     3,527
            Sales and marketing              8,261  14,350   26,180    45,151
            General and administrative       4,725   5,362   14,849    16,274
            Depreciation                       933     965    2,786     2,786
            Amortization of intangible
             assets                          3,822   4,186   11,730    12,665
                                           ------- -------- -------- ---------
                   Total operating expenses 20,800  28,604   64,001    87,862
                                           ------- -------- -------- ---------
      Operating income                       5,933  11,038   19,310    31,630
      Interest expense                      (1,598) (2,441)  (5,170)   (7,609)
      Interest income                           37     528      173     1,502
      Gain (loss) from interest rate hedges    294     135    1,051      (974)
                                           ------- -------- -------- ---------
      Income from continuing operations
       before income taxes                   4,666    9,260   15,364    24,549
      Income tax expense                     1,664    2,889    5,728     6,861
                                           ------- -------- -------- ---------
      Income from continuing operations      3,002    6,371    9,636    17,688
                                           ------- -------- -------- ---------
      Discontinued operations:
            Income from discontinued
             operations                          -        -        -       519
                                           ------- -------- -------- ---------
      Income from discontinued
       operations, net of tax                    -        -        -       519
                                           ------- -------- -------- ---------
      Net income                            $3,002   $6,371   $9,636   $18,207
                                           ======= ======== ======== =========

      Basic earnings per share:

      From continuing operations             $0.05    $0.10    $0.15     $0.28
      From discontinued operations               -        -        -      0.01
                                           ------- -------- -------- ---------
                                             $0.05    $0.10    $0.15     $0.29
                                           ======= ======== ======== =========
      Weighted average basic shares
       outstanding                          62,305   62,204   62,248    62,188

      Diluted earnings per share:

      From continuing operations             $0.05    $0.10    $0.15     $0.27
      From discontinued operations               -        -        -      0.01
                                           ------- -------- -------- ---------
                                             $0.05    $0.10    $0.15     $0.28
                                           ======= ======== ======== =========
      Weighted average diluted shares
       outstanding                          65,659   65,836   66,070    65,595



                                DICE HOLDINGS, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                  (in thousands)

                                      For the three months For the nine months
                                        ended September 30, ended September 30
                                      --------------------- ------------------
                                              2009     2008     2009      2008
                                           ------- -------- -------- ---------

      Cash flows provided by operating
       activities:
         Net income                          $3,002   $6,371   $9,636  $18,207

      Adjustments to reconcile net
       income to net cash provided by
       operating activities:
         Depreciation                          933      965    2,786    2,786
         Amortization                        3,822    4,186   11,730   12,665
         Deferred income taxes                (663)   1,233   (3,861)   1,422
         Gain on sale of joint venture           -        -        -     (611)
         Amortization of deferred
          financing costs                      208      209      625      625
         Share based compensation            1,309    1,442    4,407    4,167
         (Gain) loss from interest rate
           hedges                             (294)    (135)  (1,051)     974
      Changes in operating assets and
       liabilities, net of effects
       of acquisition:
         Accounts receivable                 1,106    2,757    4,853    6,585
         Prepaid expenses and other
          assets                              (409)    (310)     (51)    (359)
         Accounts payable and accrued
          expenses                             156     (327)  (1,743)   1,422
         Income taxes payable                 (903)     556   (1,315)   2,993
         Deferred revenue                   (3,139)  (3,825)  (9,646)    (751)
         Payments to reduce interest rate
          hedge agreements                       -        -     (514)       -
         Other, net                            320       22      507     (351)
                                           ------- -------- -------- ---------
      Net cash provided by operating
       activities                            5,448   13,144   16,363   49,774
                                           ------- -------- -------- ---------

      Cash flows provided by (used for)
       investing activities:
         Purchases of fixed assets            (610)    (893)  (2,080)  (3,043)
         Purchases of marketable
          securities                          (516) (22,274)  (1,750) (49,197)
         Maturities and sales of
          marketable securities                500   29,593    4,500   40,988
         Payment for the acquisition of
          AllHealthcareJobs                      -        -   (2,690)       -
                                           ------- -------- -------- ---------
      Net cash provided by (used for)
       investing activities                   (626)   6,426   (2,020) (11,252)
                                           ------- -------- -------- ---------

      Cash flows used for financing
       activities:
         Payments on long-term debt           (300) (21,400) (32,900) (24,100)
         Proceeds from long-term debt            -        -    2,000        -
         Payment of costs related to
          initial public offering                -        -        -     (354)
         Other                                  16       49       19       58
                                           ------- -------- -------- ---------
      Net cash used for financing
       activities                             (284) (21,351) (30,881) (24,396)
                                           ------- -------- -------- ---------

      Effect of exchange rate changes          450   (2,574)   2,017   (1,334)
                                           ------- -------- -------- ---------

      Net change in cash and cash
       equivalents for the period            4,988   (4,355) (14,521)  12,792
      Cash and cash equivalents,
       beginning of period                  35,635   74,672   55,144   57,525
                                           ------- -------- -------- ---------

      Cash and cash equivalents, end of
       period                              $40,623  $70,317  $40,623  $70,317
                                           ======= ======== ======== =========

      Non-cash investing and financing
       activities:
         Issuance of common stock for the
          acquisition of
          AllHealthcareJobs                $     -  $     -  $   959  $     -



                             DICE HOLDINGS, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (Unaudited)
                               (in thousands)

                                   September 30,   December 31,
                                       2009           2008
                                   ------------    -----------

                     ASSETS

     Current assets

      Cash and cash equivalents         $40,623        $55,144
      Marketable securities               3,659          6,497
      Accounts receivable, net            8,095         12,653
      Deferred income taxes -
       current                              941          1,346
      Prepaid and other
       current assets                     1,865          2,219
                                          -----          -----
          Total current assets           55,183         77,859
                                         ------         ------

      Fixed assets, net                   5,448          5,938
      Acquired intangible assets, net    51,053         59,119
      Goodwill                          142,609        137,416
      Deferred financing costs, net       2,083          2,708
      Other assets                          211            129
                                            ---            ---
          Total assets                 $256,587       $283,169
                                       ========       ========



       LIABILITIES AND STOCKHOLDERS' EQUITY

     Current liabilities
      Accounts payable and
       accrued expenses                  $9,175        $10,306
      Deferred revenue                   31,591         40,758
      Current portion of
       long-term debt                     1,000          1,000
      Interest rate hedge
       liability - current                  359              -
      Income taxes payable                  596          2,195
                                            ---          -----

          Total current liabilities      42,721         54,259

      Long-term debt                     49,600         80,500
      Deferred income taxes -
       non-current                       11,897         15,998
      Interest rate hedge
        liability - non-current             645          2,568
      Other long-term liabilities         7,344          6,338
                                          -----          -----

          Total liabilities             112,207        159,663

    Total stockholders' equity          144,380        123,506
                                        -------        -------
          Total liabilities and
           stockholders' equity        $256,587       $283,169
                                       ========       ========

Supplemental Information and Non-GAAP Reconciliations

On the pages that follow, the Company has provided certain supplemental information that we believe will assist the reader in assessing our business operations and performance, including certain non-GAAP financial information and required reconciliations to the most comparable GAAP measure. A quarterly balance sheet, statement of operations and statement of cash flows for the quarter and nine months ended September 30, 2009 is provided elsewhere in this press release. Supplemental schedules provided include:

Quarterly Adjusted EBITDA Reconciliation

A reconciliation of Adjusted EBITDA for the quarter and nine months ended September 30, 2009 and 2008 is provided. This information provides the reader with the information we believe is necessary to analyze the Company.

Quarterly Supplemental Data and Certain Non-GAAP Reconciliations

On this schedule, the Company provides certain non-GAAP information for the quarter and nine months ended September 30, 2009 and 2008 that we believe is useful to understanding the business operations of the Company.


                               DICE HOLDINGS, INC.
                     QUARTERLY ADJUSTED EBITDA RECONCILIATIONS
                                   (Unaudited)
                                  (in thousands)

                                      For the three months For the nine months
                                       ended September 30, ended September 30,
                                       ------------------- -------------------
                                              2009    2008      2009     2008
                                              ----    ----      ----    -----
    Reconciliation of Net Income to
     Adjusted EBITDA:
    Net income                              $3,002   $6,371   $9,636  $18,207
      Discontinued operations                    -        -        -     (519)
      Interest income                          (37)    (528)    (173)  (1,502)
      Interest expense                       1,598    2,441    5,170    7,609
      Income tax expense                     1,664    2,889    5,728    6,861
      Depreciation                             933      965    2,786    2,786
      Amortization of intangible assets      3,822    4,186   11,730   12,665
      Non-cash stock compensation expense    1,309    1,442    4,407    4,167
      (Gain) loss from interest rate hedges   (294)    (135)  (1,051)     974
                                              ----     ----   ------      ---
    Adjusted EBITDA                        $11,997  $17,631  $38,233  $51,248
                                           =======  =======  =======  =======

    Reconciliation of Operating Cash Flows
     to Adjusted EBITDA:
    Net cash provided by operating
     activities                             $5,448  $13,144  $16,363  $49,774
      Interest expense                       1,598    2,441    5,170    7,609
      Interest income                          (37)    (528)    (173)  (1,502)
      Income tax expense                     1,664    2,889    5,728    6,861
      Deferred income taxes                    663   (1,233)   3,861   (1,422)
      Change in accounts receivable         (1,106)  (2,757)  (4,853)  (6,585)
      Change in deferred revenue             3,139    3,825    9,646      751
      Changes in working capital and other     836       59    3,116   (3,705)
      Deferred financing costs                (208)    (209)    (625)    (625)
      Adjustments for cash flows from
       discontinued operations                   -        -        -     (519)
      Gain on discontinued operations            -        -        -      611
                                              ----     ----   ------      ---
    Adjusted EBITDA                        $11,997  $17,631  $38,233  $51,248
                                           =======  =======  =======  =======



                              DICE HOLDINGS, INC.
                    NON-GAAP AND QUARTERLY SUPPLEMENTAL DATA
                                   (Unaudited)
                 (dollars in thousands except per customer data)


                                    For the three months  For the nine months
                                     ended September 30,   ended September 30,
                                    --------------------  --------------------
                                           2009     2008     2009      2008
                                           ----     ----     ----      ----
    Revenues by Segment
    DCS Online                          $19,456  $27,199  $61,549    81,695
    eFinancialCareers                     5,817    9,862   17,212    29,563
    Other                                 1,460    2,581    4,550     8,234
                                          -----    -----    -----     -----
                                        $26,733  $39,642  $83,311  $119,492
                                        =======  =======  =======  ========

    Percentage of Revenues by Segment
    DCS Online                            72.8%    68.6%    73.9%     68.4%
    eFinancialCareers                     21.8%    24.9%    20.7%     24.7%
    Other                                  5.4%     6.5%     5.4%      6.9%
                                            ---      ---      ---       ---
                                         100.0%   100.0%   100.0%    100.0%
                                         ======   ======   ======    ======

    Sales and Marketing Expense          $8,261  $14,350  $26,180   $45,151

    Sales and Marketing Expense as a
     Percentage of Revenue                30.9%    36.2%    31.4%     37.8%

    Adjusted EBITDA                     $11,997  $17,631  $38,233   $51,248
    Adjusted EBITDA Margin                44.9%    44.5%    45.9%     42.9%

    Dice.com Recruitment Package
     Customers
    Beginning of period                   6,450    8,950    7,600     8,700
    End of period                         6,300    8,800    6,300     8,800

    Dice.com Average Monthly Revenue
     per Recruitment Package
     Customer (1)                          $815     $849     n.a.      n.a.

    Net cash provided by operating
     activities                          $5,448  $13,144  $16,363   $49,774
    Purchases of fixed assets              (610)    (893)  (2,080)   (3,043)
                                           ----     ----   ------    ------
    Free Cash Flow                       $4,838  $12,251  $14,283   $46,731
                                         ======  =======  =======   =======

    Deferred Revenue (end of period)    $31,591  $44,854     n.a.      n.a.


    Segment Definitions:
    DCS Online:  Dice.com and ClearanceJobs
    eFinancialCareers:  eFinancialCareers worldwide, excluding North America
    Other:  eFinancialCareers (North America), Targeted Job Fairs,
            JobsintheMoney, and AllHealthcareJobs (from the date of
            acquisition, June 10, 2009)

     (1) Reflects simple average of three months in each quarterly period.

SOURCE Dice Holdings, Inc.

Investor Contact, Jennifer Bewley, Director, Investor Relations, Dice Holdings, Inc., +1-212-448-4181, ir@dice.com; or Media Contact, Makovsky + Company, Kona Luseni, +1-212-508-9684, kluseni@makovsky.com