Mastech Digital Stock Price, News & Analysis

Mastech Digital achieved significant financial milestones in Q2 2022, reporting $62.1 million in consolidated revenue, a 16% organic increase year-over-year. The Data and Analytics segment excelled with a 26% revenue growth, totaling $11.3 million. IT Staffing recorded $50.9 million in revenue with 23.3% gross margin. GAAP net income declined to $2.4 million or $0.20 per diluted share from $3.7 million a year prior, influenced by previous year's contingent liability revaluation. Non-GAAP earnings rose to $3.6 million or $0.30 per share.

Mastech Digital, Inc. (NYSE American: MHH) will hold a conference call to discuss its second quarter results for the period ending June 30, 2022. The call is scheduled for August 3, 2022, at 9:00 a.m. ET, featuring CEO Vivek Gupta, CFO Jack Cronin, and Ganeshan Venkateshwaran from Mastech InfoTrellis. Investors can join via dial-in or live webcast and should log on 10 minutes early. A replay will be available for 7 days post-call. Mastech Digital specializes in Digital Transformation IT Services, including Data Management and Analytics Solutions.

Mastech Digital (MHH) reported strong financial results for Q1 2022, achieving a record revenue of $59.8 million, a 20% increase year-over-year from $49.8 million in Q1 2021. The Data and Analytics Services segment grew by 15% to $10.2 million, while the IT Staffing segment reached record revenues of $49.6 million with gross margins of 22.9%. GAAP diluted earnings per share rose to $0.19 from $0.10, while non-GAAP earnings increased to $0.28 from $0.19. The company also noted solid demand in its IT Staffing Services and brought on a new CEO for its Data and Analytics Services segment.

Mastech Digital, Inc. (NYSE American: MHH) has scheduled a conference call for April 27, 2022, at 9:00 a.m. ET to discuss its first-quarter financial results for the period ended March 31, 2022. The call will feature remarks from CEO Vivek Gupta, CFO Jack Cronin, and Ganeshan Venkateshwaran, CEO of Mastech InfoTrellis. Investors can join via a listen-only dial-in or through a live webcast. A replay will be available for 7 days following the call. Mastech Digital is a provider of Digital Transformation IT Services, headquartered in Pittsburgh, PA.

Mastech Digital, Inc. (NYSE American: MHH) has appointed Vlad Rak as an independent board member effective April 1, 2022. With over 24 years of technology experience, Mr. Rak has held senior roles at Nike, Disney, and Merck and currently serves as the Chief Technology Officer at Dick's Sporting Goods. The company’s co-chairmen expressed confidence in Mr. Rak's expertise in advanced technologies, believing he will add significant value to Mastech's growth strategies. Mastech Digital specializes in Digital Transformation IT Services, Data Management, Digital Learning, and IT Staffing.

Mastech Digital (NYSE American: MHH) announced the appointment of Ganeshan Venkateshwaran as the new CEO of Mastech InfoTrellis, effective immediately. Venkateshwaran brings extensive leadership experience from previous roles at Trianz and Wipro Technologies, focusing on digital transformation and collaborative success. Co-Chairman Sunil Wadhwani praised his strategic vision, while Venkateshwaran expressed excitement about leading Mastech InfoTrellis to capitalize on growth opportunities in digital services. Mastech Digital specializes in IT services, data management, analytics, and staffing solutions.

Mastech Digital (MHH) reported strong financial results for Q4 and full year 2021. Q4 revenues grew by 21% to $59 million, driven by a 23% increase in IT Staffing and 13% in Data and Analytics. Annual revenue rose 14% to $222 million, with gross margins at a record 26.8%. GAAP diluted EPS increased to $0.32 in Q4 and $1.02 for the year. The company announced strategic investments and improved debt leverage through an amended credit facility with PNC Bank, enhancing financial flexibility for future growth.

Mastech Digital (NYSE American: MHH) announced a conference call to present its fourth quarter and full year financial results for 2021 on February 9, 2022, at 9:00 a.m. Eastern Time. The call will be led by CEO Vivek Gupta and CFO Jack Cronin, accessible via a listen-only dial-in number 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, Digital Learning, and IT Staffing, and operates globally, including in Canada, India, and EMEA.