Monster Worldwide, the parent company of the leading global online careers property, Monster(R), and the worldís largest Yellow Pages and Recruitment Advertising agency network, today announced results for the second quarter ended June 30, 2003. For the quarter, the Company reported income from continuing operations of $10.1 million and diluted earnings per share from continuing operations of $0.09, on a GAAP basis.
Monster Worldwideís total revenue for the second quarter of 2003 was $167.2 million, with Monster contributing $103.1 million or 62% of total revenue. Monsterís deferred revenue was $116.9 million at June 30, 2003 up from $105.6 million for the prior year period and from $113.6 million for the first quarter of 2003.
For the second quarter of 2002, total revenue was $177.0 million, GAAP diluted earnings per share from continuing operations was a loss of $0.28, and non-GAAP (formerly known as adjusted) income from continuing operations was $0.15 per diluted share.
ìIt was a good quarter for the company, driven by continued progress and execution of Monster Worldwideís business strategies and aggressive expense management,î commented Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide.
ìWe also continued to make progress in key vertical markets, such as staffing, healthcare and diversity.î
McKelvey continued, ìWithin the staffing sector, Monster entered into a three-year, multi-million-dollar contract with Hudson Highland Group, Inc. We also recently forged an alliance with one of the countryís largest healthcare group purchasing organizations, thereby enabling us to offer offline and online recruitment services to a nationwide network of more than 18,000 health care facilities. Other recent developments include the launch of Monsterís new Diversity and Inclusion community in partnership with the NAACP, and the subsequent signing of diversity recruitment agreements with Ford Motor Company and Federated Department Stores, Inc.î
Monster announces Q2 2003 results
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