DHI Group, Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of $52,190,000 compared with $58,286,000 for the same period a year ago. Operating income was $4,295,000 compared with $2,642,000 for the same period a year ago. Income before income taxes was $3,489,000 compared with $1,755,000 for the same period a year ago. Net income was $1,340,000 compared with $1,111,000 for the same period a year ago. Diluted earnings per share was $0.03 compared with $0.02 for the same period a year ago. Net cash flows from operating activities was $14,519,000 compared with $12,740,000 for the same period a year ago. Purchases of fixed assets was $4,195,000 compared with $2,319,000 for the same period a year ago. Adjusted EBITDA was $10,496,000 compared with $12,866,000 for the same period a year ago. Net debt as on March 31, 2017 was $53.3 million.

The company provided earnings guidance for the full year of 2017. The company expects its year-over-year rate of revenue decline to abate later in 2017. The company plans to increase its level of spending on its core tech business, but expects some offset from efficiencies to be gained in realigning and simplifying its organization.

The company expects the tax rate for the quarters of the year 2017, to revert to the regular rate of approximately 39%, excluding discrete items, and the dilution count to be around 50 million shares.