This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monster Worldwide Management Discusses Q2 2012 Results - Earnings Call Transcript

Europe's booking was down 15% on a current -- on a constant currency basis. Asia Pac bookings was down 7%. We believe that these results are consistent with global macroeconomic conditions.

Consolidated revenue was $237 million, a decrease of 5% on a current -- on a constant currency basis. EBITDA was $37 million and EBITDA margin was 15%. Continued strong EBITDA even during current difficult economic environment allow us to apply a 3 million shares during the quarter and maintain a strong liquidity position. EPS was $0.06 versus $0.04 in Q1 and $0.09 last year. As a result of tight expense control during the quarter, EPS was in the middle of our guidance range while revenue was at the lower end of the range.

Summarizing the quarter. Total bookings were flat on the constant currency basis. North American bookings increased 14%, demonstrating continued adoption of our new product portfolio in the Government, Enterprise and Staffing channels. As an example, during the quarter, Kforce, a major professional staffing and solutions firm, decided to fully integrate Power Resume Search, powered by our 6Sense technology, across their entire organization. As we have discussed, while the adoption of PRS has been very strong, adoption in the staffing sector has lagged for a variety of reasons. We are actively working with other major staffing companies on both PRS and SeeMore. Strong expense management resulted in 6% EPS.

As we consider the third quarter, we believe that it is likely that the current weak and uncertain economic environment will continue. In this environment, we continue to position ourselves offensively and defensively. On the offense, we continue to aggressively bring our new products to our clients on a global basis. And we will make investments in marketing to take advantage of specific opportunities. On the defense, we are carefully controlling operating expenses and protecting profitability. We are able to accomplish both at the same time because of the strength of our product portfolio.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs