Mastech Digital Stock Price, News & Analysis

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.

Mastech Digital has launched an online staffing platform that enhances the way clients find IT consultants. This self-service platform integrates with the company's website, allowing users to browse a vast database of candidates based on skills, experience, and location. Clients can select candidates and add them to a 'shopping cart' for evaluation. According to CEO Vivek Gupta, this milestone improves efficiency in onboarding IT professionals. This launch follows previous initiatives like MAS-REMOTE, which connects clients to top remote technology workers.

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.