DHI Group, Inc. (NYSE:DHX) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 05:00 pm ET


DHI Group, Inc. (NYSE:DHX) Q3 2019 Earnings Conference Call - Final Transcript


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Welcome to the DHI Group Third Quarter 2019 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to Rachel Ceccarelli, Director of Corporate Communications. Please go ahead.

Rachel Ceccarelli

Thank you, Andrea, and good afternoon and welcome to DHI Group's third quarter fiscal 2019 financial results conference call. With me on today's call are DHI's Chief Executive Officer, Art Zeile, and Chief Financial Officer, Luc Gregoire.

Before I turn the call over to Art, I'd like to cover a few items. This afternoon, DHI issued a press release announcing its third quarter fiscal 2019 financial results. This release is available on the Company's website at dhigroupinc.com. This call is being broadcast live over the Internet for all interested parties, and the webcast will be archived on the Investor Relations page of the Company's website.

I want to remind everyone that during today's call, management will make forward-looking statements that involve risks and uncertainties. Please note that, except for the historical information, statements on today's call may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. When used, the words anticipate, believe, expect, intend, future and other similar expressions identify forward-looking statements. These forward-looking statements reflect DHI management's current views concerning future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward-looking statements.

Factors that could cause these forward-looking statements to differ from the actual results include delays in development, marketing or sales and other risks and uncertainties discussed in the Company's periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. DHI undertakes no obligation to update or revise any forward-looking statements.

Lastly, during today's call, management will be referring to specific financial measures, including adjusted revenues, adjusted EBITDA and adjusted EBITDA margin that are not prepared in accordance with the US GAAP. Information about reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are available in our earnings release in our website at www.dhigroupinc.com in the Investor Relations section.

I'll now turn the conference over to Art Zeile, CEO of DHI Group.

Art Zeile

Thank you, Rachel. Good afternoon everyone and welcome to our third quarter fiscal 2019 earnings conference call. We appreciate your interest in DHI. During the quarter, we continue to make progress towards returning the Company to overall positive revenue growth. While we have not yet turned the corner from a revenue perspective, we have made significant headway in the third quarter by further strengthening our product offering and our go-to-market strategy, both of which are critical drivers for our future revenue growth. We believe these efforts are positioning DHI to become the industry leader in the growing market for matching technologists with employers.

Now let me elaborate on some of the things we accomplished this quarter. Let's start with the progress we made in our product offer. As many of you know, we have