Edited Transcript of JOBS earnings conference call or presentation 15-Nov-19 1:00am GMT [Yahoo! Finance News]
51job, Inc. - American Depositary Shares, each representing two common shares (JOBS)
Last 51job, inc. - american depositary shares, each representing two common shares earnings: 8/5 04:15 pm
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Source: Yahoo! Finance News
Edited Transcript of JOBS earnings conference call or presentation 15-Nov-19 1:00am GMT Our online recruitment segment continues to feel the brunt of this current macro slowdown. Employers are still very cautious about head count decisions, and some companies have chosen to conserve their financial resources and staying on the sidelines as they await guarantee on economic direction. As expected, this market tone has negatively impacted hiring demand in 2019, and our online revenues decreased 2% on a year-over-year basis in the third quarter. In line with our forecast, we saw a reduction in the number of unique employers, primarily due to limited activity or dormant behavior by smaller-sized organizations, but this was largely offset by improved ARPU on the back of successful upselling efforts focused on more established companies. We remain focused on our long-term strategic objective of driving up revenue per customer with our high-quality services, product effectiveness and tangible
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