Welcome to our dedicated page for Mastech Digital news (Ticker: MHH), a resource for investors and traders seeking the latest updates and insights on Mastech Digital stock.
Mastech Digital, Inc. (MHH) provides specialized IT staffing and digital transformation solutions for enterprises navigating technological evolution. This news hub offers investors and industry professionals centralized access to verified corporate developments and market-moving announcements.
Track official updates spanning talent acquisition milestones, strategic partnerships in data analytics, and operational expansions. Our curated feed includes earnings disclosures, leadership updates, and technology service innovations - all essential for understanding the company's position in competitive digital workforce solutions markets.
Key focus areas include niche IT recruitment for emerging technologies, cloud infrastructure projects, and data engineering initiatives. The collection serves as a strategic monitoring tool for those analyzing employment trends in tech sectors and enterprise digitalization patterns.
Bookmark this page for streamlined access to Mastech Digital's latest regulatory filings, client partnership announcements, and service expansion updates. Combine our real-time updates with historical archives to identify long-term performance trends in IT staffing and digital consulting sectors.
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.
Mastech Digital (NYSE American: MHH) reported third-quarter 2021 results, achieving record revenues of $59.5 million, a 26% increase from Q3 2020. The Data and Analytics Services segment generated revenues of $10.5 million (+19% YoY), while IT Staffing Services reached $49 million (+22% YoY). Gross profits rose to $16.6 million from $13.1 million in Q3 2020. GAAP EPS was $0.28, up from $0.25, and Non-GAAP EPS was $0.38, compared to $0.32. Cash on hand was $5.4 million, with no borrowings under the credit facility, indicating a strong financial position.
Mastech Digital, Inc. (NYSE American: MHH) will hold a conference call on October 27, 2021, at 9:00 a.m. ET to discuss its third-quarter results for the period ended September 30, 2021. The call will be hosted by CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton, head of Mastech InfoTrellis. Interested parties can join via a listen-only dial-in or a live webcast on the company's website, and a replay will be available for 7 days post-call.
Mastech Digital (NYSE American: MHH) will present at the Sidoti & Company Fall 2021 Virtual Conference on September 22 at 1:00 PM ET. CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton will discuss the company’s transformation journey, recent developments, and future plans. Gupta expressed enthusiasm about sharing their story following a strong Q2-2021 performance. Mastech Digital specializes in Digital Transformation IT Services, including Data Management, Digital Learning, and IT Staffing, operating across the U.S., Canada, EMEA, India, and ASEAN.
Mastech Digital, Inc. (NYSE American: MHH) reported a 13% revenue increase, totaling $53.7 million for Q2 2021, compared to Q2 2020. The IT Staffing Services segment grew by 8%, adding 89 consultants-on-billing. Gross margins improved, and GAAP diluted earnings per share rose to $0.31, up from $0.25 year-over-year. Non-GAAP diluted earnings per share decreased to $0.29 from $0.33. Strong bookings and improved demand in Data and Analytics indicate a recovery trend. The company maintained a solid cash position with $5.3 million in cash and $15 million in bank debt.
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