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financials RSS feed Tag: financials

Indeed.com’s Owner Wants to Dominate By 2020

by May 14, 2015, 6:34 pm ET

Indeed sales FY2014Global jobs aggregator Indeed came close to doubling its net sales revenue for the 12 months ending March 31, growing from $201.3 million U.S.) to $386.8 million (at the current exchange rate).

Indeed’s revenue puts it in the same league as CareerBuilder, Monster, LinkedIn, and Dice, all of which reported significantly larger revenue, but much smaller growth rates. From 2013 to 2014, LinkedIn posted the biggest increase among the top job sites, growing recruitment revenue 47.5 percent. Indeed’s growth, disclosed as part of the annual financial report of its owner, Japanese conglomerate Recruit Holdings Co., was 92.2 percent (in U.S. dollars).

Recruit attributed Indeed’s growth to the SMB market, noting, “Net sales trended favorably reflecting smooth growth in service use by small and medium-sized clients.” keep reading…

Job Board Revenues, Forecasts Hint at Global Hiring Slowdown

by May 7, 2015, 12:29 pm ET

Recruitment revenue q1 2015Monster this morning reported per share earnings that again beat Wall Street expectations, though its revenue for the first quarter of the year fell short of analysts’ forecasts.

The company earned 8 cents a share, after accounting for stock based compensation and restructuring costs. Without those one-time costs, earnings were 9 cents per share. Revenue came to $183.7 million; Wall Street wanted $187.1 million.

Global currency exchange rates took a toll on Monster’s overseas operations, costing it a 13 percent decline in international revenue. Even adjusting for the difference in exchange rates from Q1 of 2014, Monster’s international revenue was off 1 percent. North America also was down, declining 4 from the same quarter last year. Bookings, though, were up 6 percent in North America. Bookings are signed contracts.

These are the data points. What they suggest for the future is harder to read. The company said it expected to earn between 7 and 11 cents per share in the current quarter. Analysts forecast 8 cents. keep reading…

LinkedIn Stock Hammered on Lowered Expectations

by Apr 30, 2015, 8:15 pm ET

Recruitment revenue q1 2015LinkedIn got hammered today after it scaled back its financial outlook and reported the slowest quarterly growth since it went public in 2011.

Despite another record setting revenue quarter, investors dumped shares in after-hours trading, sending the stock down by as much as 25 percent or more than $50 a share. LinkedIn closed at $252.13.

It was after the New York markets closed that LinkedIn announced it earned 57 cents a share, a penny more than Wall Street’s  consensus forecast. (Including stock-based compensation and other items typically excluded by analysts, LinkedIn lost 34 cents a share.)

Revenue for the first quarter came in at $637.9 million, also better than expected. keep reading…

LinkedIn Reports Strong Finish to 2014

by Feb 5, 2015, 7:03 pm ET

Job board Q4 2014 financialsLinkedIn reported another winning quarter this afternoon, bringing in $643 million in the last three months of 2014, with recruiting sales accounting for 57.4 percent of the total.

Both the revenue, and the company’s adjusted earnings per share of 61 cents, handily beat Wall Street’s expectations. Analysts were predicting LinkedIn would earn 53 cents on sales of $617 million.

The quarter capped a go-go year for LinkedIn, which saw its 2014 revenue grow to $2.22 billion, a 45 percent increase  2013′s $1.53 billion. Its Talent Solutions sales totaled $1.33 billion for the year. By contrast, when Monster reports its numbers next year, expectations are that its total revenue will be about $776 million. keep reading…

Monster Names New CEO; Beats Wall Street on Earnings

by Nov 5, 2014, 1:06 am ET
Tim Yates

Tim Yates

Like so many companies these days, Monster hired a boomerang to be its new leader, announcing Tuesday morning that former CFO and current director Tim Yates will be the company’s new CEO.

The announcement was made by Sal Iannuzzi, the company’s chairman, and now former CEO and president, during the quarterly financial conference call with investment analysts. After discussing Monster’s financial performance, which surpassed Wall Street’s predictions on both earnings and revenue, Iannuzzi said he was stepping down for undisclosed personal reasons. He will remain on the board as non-executive chairman.

Such explanations might ordinarily signal a forced change of command over board unhappiness with performance or strategy or both. And with Monster’s stock trading at historic lows, it’s a reasonable assumption. However, Monster’s Three Pillar strategy, unveiled in May, shows signs of paying off. Monster earned 5 cents a share in the third quarter, beating the 3 cents a share Wall Street predicted. Revenue grew to $191.2 million, compared to analysts’ estimates of $189.9 million. keep reading…

LinkedIn Revenue Up; Company Says Rate Increase Coming

by Oct 30, 2014, 6:31 pm ET

Job board rev q3 2014The LinkedIn revenue juggernaut rolled on over the summer, growing by 45 percent, with recruitment accounting for the largest share of the $568 million the company brought in from July through the end of September.

Reporting its third quarter financial results after the U.S. markets closed this afternoon, LinkedIn said it earned 52 cents a share after excluding stock-based compensation. The consensus of Wall Street analysts was the adjusted earnings would be 39 cents a share. LinkedIn also beat its $557.49 million revenue forecast.

Taking into account the cost of the shares it gives employees as part of their compensation, LinkedIn lost $4.3 million, almost a million more than it reported in the third quarter 2013. keep reading…

Dice Posts Strong Q3; Boosts Outlook for the Year

by Oct 30, 2014, 2:13 pm ET

Dice Q3 2014Dice Holdings, publisher of multiple niche career sites including its flagship tech site Dice.com, earned 18 cents per share on third quarter revenue of $67.6 million, besting Wall Street’s expectations on all fronts.

Issuing its quarterly financial report this morning, Dice said it grew revenue 29 percent over the same quarter last year and predicted it would end 2014 with total revenue in the range of $262.5-$263 million. That’s above Wall Street’s consensus estimate of $258.97 million, and above even the highest forecast of $262.10 million. keep reading…

Private HR Firms Are 6th in Revenue on Inc. 5000 List

by Aug 25, 2014, 4:19 pm ET

Inc. 5000 top 10Human resources firms are among the top revenue-producing sectors on this year’s Inc. 5,000 list of the 5,000 fastest growing private companies in the U.S.

With an aggregate 2013 revenue of $12.13 billion, the 199 self-identified human resource firms cumulatively ranked sixth among the 25 business sectors on the Inc. list.

The group includes HR services firms such as Trinet, the largest company to make the list with reported revenue of $1.6 billion. Its 81 percent growth over three years ranked it 3,821 on the 5000 list.  keep reading…

Monster’s Weak 2nd Quarter Prompts Selloff

by Aug 5, 2014, 3:26 pm ET

Job board revenue Q2 2014Although it’s much too early yet for Monster’s ambitious “three pillars” strategy to become the transformative force executives are predicting, the financial markets were hoping the company did a little better in the second quarter of the year than in the first quarter.

It didn’t.

After Monster reported earning 8 cents a share on revenue of $194.4 million, and lowering its financial outlook for the current quarter, investors sold off shares of the struggling company at twice the normal volume, pushing down its price almost 13 percent by early afternoon. Monster stock closed Monday at $6.62 a share. Not long before the market’s close, the stock was off 15.6 percent to $5.59. keep reading…

Jobs Growth Slows in July, But Job Boards Don’t

by Jul 31, 2014, 7:26 pm ET

Job board revenue Q2 2014Doubters may be questioning the strength of the U.S. jobs recovery after Wednesday’s announcement by ADP that 218,000 private sector jobs were created in July — lower than expected — but the job boards aren’t.

Two of the three publicly held careers publishers have so far reported their second-quarter results, and in both cases they’ve wowed Wall Street.

LinkedIn this afternoon announced it grew revenue by 47 percent, crossing over into billion-dollar territory halfway through the year. The company earned 51 cents a share (after adjusting for one-time expenses) versus the 39 cents predicted by analysts. keep reading…

Job Board Financials: A Mixed Bag Even for LinkedIn

by May 1, 2014, 6:01 pm ET

2014 Q1 Recruitment advertisingBy any measure, the first quarter was a mixed bag for the employment advertising business. The three public companies — Monster, Dice, and LinkedIn — all reported numbers that in some way didn’t hit what Wall Street investors were expecting or wanted.

CareerBuilder, privately held by a group of publishing companies lead by Gannett, its biggest shareholder, said it had North American revenue of $167 million, barely a 1 percent increase from Q1 last year. It provides no other numbers.

LinkedIn Keeps Growing

Last among the companies to report was LinkedIn, which this afternoon said it earned 38 cents a share (not including one-time expenses) versus the 34 cents analysts were expecting. Overall revenue grew by 46 percent to $473.2 million, with recruiting revenue powering the growth. The company took in $275.9 million in recruitment income, an almost 50 percent increase over the same quarter last year. Wall Street forecast the company would bring in $466.57 million. keep reading…

LinkedIn Buys Job Matching Company as It Plans for Jobs Posting Boom

by Feb 6, 2014, 7:22 pm ET

4th Q job board financials 2013LinkedIn made a sort of history today. For the first time since going public three years ago the company’s stock price dropped even though LinkedIn beat Wall Street’s expectations for earnings and revenue, and, for good measure, announced it had acquired a fast-growing matching-based job board for not much cash.

Reporting its fourth-quarter financial performance after the markets closed this afternoon, LinkedIn said it earned 39 cents a share on revenue of $447.2 million. The company simultaneously announced it had acquired Bright.com, a two-year-old startup that matches jobs to seekers by scoring the latter on how well they fit the position.

The $120 million price will only require LinkedIn to come up with about $36 million in cash, a pittance for a company with $803 million in the bank. The balance will be in LinkedIn stock, which, after dropping more than 7 percent in after-hours trading, is now around $207 a share. keep reading…

Monster: ‘Increasingly Optimistic’ as Company Reports Strong 2013 Finish

by Feb 6, 2014, 10:14 am ET

Monster logo 2011Global job board operator Monster Worldwide reported a stronger finish to 2013 than analysts were expecting, beating their average earnings estimate by 5 cents a share and their revenue estimate by $3.4 million.

The company reported this m0rning it earned 11 cents per share versus the 6 cents a share analysts were predicting. Monster also offered a rosier outlook for the current quarter, forecasting it would earn between 6 cents and 10 cents per share.

Wall Street liked what it heard, bidding up the stock by more than 20 percent to $7.13 a share just after the opening. keep reading…

Dice Beats on Revenue and Offers Optimistic Forecast

by Feb 4, 2014, 1:18 pm ET

Dice Holdings 2013Despite missing on earnings, investors gave Dice Holdings a bye this morning, liking the revenue numbers it posted for the fourth quarter of 2013 as well as what the company sees for this year.

Some slowing in the niche job board company’s security clearances jobs site (ClearanceJobs.com) was more than offset by gains in other areas, and by contributions from the sites Dice acquired when it bought onTargetjobs last fall and the IT Job Board in July. Improvement in the finance sector in Europe and Asia staunched the decline in revenue at eFinancialCareers.

“In the fourth quarter, we delivered better revenue and profitability than we thought we would in October, particularly from improvement in our finance segment,” said Dice CFO, John Roberts. keep reading…

For $50 Million Dice Adds Hospitality, Life Sciences to Its Holdings

by Nov 7, 2013, 6:41 pm ET

Dice HoldingsBroadening its reach in healthcare and gaining a foothold in the hospitality job market, Dice Holdings today announced it acquired OnTargetJobs.

OnTargetjobs logoThe $50 million acquisition adds three key niche sites — Biospace (life sciences), HEALTHeCAREERS (healthcare), and Hcareers (hospitality) — to Dice’s growing portfolio of small but important niche players.

The company’s best known site is of course its career site for the tech industry Dice.com. In the last few years, however, Dice has expanded into energy and healthcare and added to its tech holdings buying Slashdot, SourceForge, and, most recently, UK-based The IT Job Board. The company already owned eFinancialCareers and JobsintheMoney, having acquired them in 2006. keep reading…

Monster Posts Profitable Quarter Beating Wall Street Estimates

by Nov 7, 2013, 2:28 pm ET

job board revenue 3rd q 2013For the first time in a while, the Monster had good financial news to report this morning. Not only did it swing to a profit in the third quarter, but it earned more per share than the analysts were predicting.

The global careers company reported earning $11.3 million during the quarter, which translates into 11 cents per share, not including one-time expenses, which are typically not counted in Wall Street earning analysis. Analysts had estimated the company would earn 8 cents a share.

In the same quarter last year, Monster lost $184.2 million, or $1.73 a share. Most of that was the result of the company’s sale at a loss of its ChinaHR careers operation and related expenses. keep reading…

LinkedIn Has Strong Quarter But Forecast Disappoints

by Oct 29, 2013, 6:07 pm ET

LinkedIn 3rd Q 2013 revenueLinkedIn lost money in the third quarter, yet on an adjusted basis, it again soared past what the financial markets were predicting, earning 39 cents a share on revenue of $393 million. But what it said about the future sent its after-hours stock price down $8 a share.

Despite beating Wall Street’s third-quarter estimate of 32 cents on $385 million, LinkedIn said the fourth quarter would come in as much as $23 million below analysts’ expectations. In its third-quarter financial report, released just hours ago, the company said that it expects the quarter’s revenue to fall somewhere between $415 and $420 million. Analysts were looking for $438.1 million for the quarter and a total of $1.51 billion for the year.

However, it’s not unusual for LinkedIn’s forecast to underestimate — sometimes as much as a few points — what it actually delivers during a quarter. keep reading…

Market Hits Dice Over Third-quarter Performance

by Oct 29, 2013, 4:12 pm ET

Dice Financials 3rd q 2013Dice Holdings, parent company of the tech career site Dice.com, took a big hit today after its third-quarter financial performance missed Wall Street’s expectations on both per share earnings and revenue.

The stock was down 15.6 percent at one point, putting it second among the worst performing securities. Its share price recovered some lost ground to close at $7.52, down 13.72 percent on the day. keep reading…

LinkedIn to Sell $1 Billion More in Stock

by Sep 3, 2013, 5:13 pm ET

logo_linkedin_92x22What’s LinkedIn planning to buy?

The speculation that the giant, and hugely profitable, business network is planning to make a major acquisition began moments after it announced it was planning to sell $1 billion worth of stock.

In a filing this afternoon with the Securities and Exchange Commission, LinkedIn said it intended to use the money from the sale

…primarily for general corporate purposes, including working capital, further expansion of our product development and field sales organizations, international expansion, general administrative matters and for capital expenditures, including infrastructure. In addition, we may use a portion of the proceeds from this offering for strategic acquisitions of, or investments in, complementary businesses, technologies or other assets. keep reading…

LinkedIn Reports Big Quarter; Recruitment Surpasses Monster

by Aug 1, 2013, 7:19 pm ET

linkedinLinkedIn this afternoon reported another amazing quarter, handily beating Wall Street’s expectations on every metric and surpassing Monster in recruitment revenue.

So consistent has LinkedIn’s money-making ability been since it went public two years ago, that the tech site All Things D described it today as “the Internet company that can seemingly do no financial wrong.”

The company reported earning 38 cents per share on 2nd quarter revenue of $363.7 million. Of that, recruitment accounted for 56 percent, or $205.1 million. A year ago, the company had recruitment revenue for the same quarter of $121.6 million. keep reading…