Mastech Digital Stock Price, News & Analysis

Mastech Digital, Inc. (NYSE American: MHH) has announced a conference call to discuss its financial results for the first quarter ended March 31, 2023. The call is scheduled for May 3, 2023, at 9:00 a.m. Eastern Time, led by CEO Vivek Gupta, Mastech InfoTrellis CEO Michael Fleishman, and CFO Jack Cronin.

Investors can join via a listen-only dial-in number, 877-407-3980, or access a live webcast through the company's website. A replay of the conference call will be available for seven days post-event, allowing both domestic and international callers to access it easily.

Mastech Digital is based in Pittsburgh, PA, and specializes in Digital Transformation IT Services, including Data Management and Analytics Solutions, Digital Learning, and Remote IT Staffing Services.

Mastech Digital's President and CEO, Vivek Gupta, has been recognized for the fourth time on the 2023 Most Influential Leaders of the Staffing Industry list by Staffing Industry Analysts. The staffing industry saw a 14% growth in revenue to $212.8 billion in 2022, compared to $153.1 billion in 2019. Gupta, who has been leading Mastech Digital since March 2016, has transformed the company into a Digital Transformation Services leader. He attributes this recognition to his dedicated team and their innovative approaches. The Executive Forum North America will recognize the honorees from March 6-9, 2023 in Miami Beach.

Mastech Digital, Inc. (NYSE American: MHH) reported a 3% decline in Q4 2022 revenues, totaling $57.2 million, down from $59.0 million in Q4 2021. The company attributed this drop to decreased activity in its Data and Analytics Services segment, which saw revenues of $9.1 million compared to $10.1 million last year. Overall, full-year revenues increased by 9% to $242.2 million. However, GAAP diluted EPS fell to $0.13 in Q4 from $0.32 in the previous year. Mastech’s Board has authorized a share repurchase program of up to 500,000 shares. The company remains optimistic about its future despite economic uncertainties, appointing Michael Fleishman as CEO of Data and Analytics Services.

Mastech Digital, Inc. (NYSE American: MHH) has announced a conference call scheduled for February 8, 2023, at 9:00 a.m. ET, to discuss its fourth quarter and full year financial results for the period ending December 31, 2022. The call will feature CEO Vivek Gupta, Mastech InfoTrellis CEO Michael Fleishman, and CFO Jack Cronin. Interested parties can participate via a listen-only dial-in or a live webcast on the company’s website. A replay will be available for a week following the call. Mastech Digital is a provider of Digital Transformation IT Services, based in Pittsburgh, PA.

Mastech Digital, Inc. (NYSE American: MHH) has appointed Mr. Michael Fleishman as Chief Executive Officer of Mastech InfoTrellis, effective immediately. With over 27 years of experience in digital technology, Fleishman aims to enhance the company's Data and Analytics Services segment by leveraging its strengths in data management and cloud services. Previous roles include leadership positions at IBM and Cognizant. Co-Chairman Sunil Wadhwani praised Fleishman's track record in revenue growth, while CEO Vivek Gupta expressed optimism for future growth under his leadership.

Mastech Digital, Inc. (MHH) reported financial results for Q3 2022, highlighting consolidated revenues of $63.2 million, a 6% organic growth from $59.5 million in Q3 2021. The IT Staffing Services segment saw an 8% revenue increase to $53.1 million, while the Data and Analytics Services segment declined by 3.8% to $10.1 million. GAAP diluted earnings per share decreased to $0.20 from $0.28, impacted by a $570,000 cyber-security breach and international operational closures. Cash balances were $3.5 million, with $36.4 million in cash availability.

Mastech Digital, Inc. (NYSE American: MHH) announces the immediate resignation of Ganeshan Venkateshwaran as CEO of its Data and Analytics Services segment. The Board of Directors expresses gratitude for his dedication during his tenure. Vivek Gupta, the current President and CEO, will temporarily oversee this segment until a successor is appointed. Mastech Digital specializes in Digital Transformation IT Services including Data Management and Analytics Solutions, and IT Staffing Services, with operations in the U.S., Canada, Europe, and India.

Mastech Digital, Inc. (NYSE American: MHH) will hold a conference call on November 2, 2022, at 9:00 a.m. Eastern Time, to discuss its financial results for the third quarter ended September 30, 2022. The call will feature CEO Vivek Gupta, CFO Jack Cronin, and Ganeshan Venkateshwaran from Mastech InfoTrellis. Investors can join via a listen-only dial-in or a live webcast. A replay will be available for seven days post-call. Mastech Digital specializes in Digital Transformation IT Services, including Data Management and IT Staffing.