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. (NYSE American: MHH) regularly issues news and updates that reflect its role in Digital Transformation IT Services, data and analytics, and IT staffing. Company press releases cover financial performance, strategic initiatives, partnerships, and leadership changes, offering insight into how this minority-owned, AI-driven data and analytics company is evolving its business.
Investors following MHH news will find detailed quarterly and annual earnings releases, where Mastech Digital reports consolidated revenues, segment performance for its Data and Analytics Services and IT Staffing Services businesses, gross margins, and both GAAP and non-GAAP results. These releases often include commentary from senior management on demand trends, client activity, and initiatives such as cost optimization, organizational transformation, and the company’s Digital First approach.
News items also highlight capital markets and governance developments, including share repurchase program authorizations and extensions, and changes in key executives such as the appointment of a Chief Financial and Operations Officer. In addition, Mastech Digital announces conference calls and webcasts to discuss quarterly and full-year results, providing access details for investors and analysts.
Sector-specific updates feature data and AI partnerships and transformation themes. For example, the company has reported an expanded strategic partnership with Informatica to deliver AI-led IT transformation and data modernization solutions, underscoring its positioning as a Data and AI-first technology partner. Other communications describe initiatives like the EDGE program and the transition of finance and accounting functions to India as part of long-term cost and efficiency efforts.
This news page aggregates these disclosures so readers can monitor Mastech Digital’s earnings announcements, strategic partnerships, organizational changes, and other material events related to MHH stock over time.
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.
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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.
Summary not available.
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.