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 reports developments tied to its digital transformation IT services business, including Data Management and Analytics Solutions, Digital Learning, and IT Staffing Services. Company news commonly covers quarterly and annual results, segment revenue trends, order bookings, client demand, bill rates, gross margins, and operating execution across digital and mainstream technology services.
Updates also include investor conference participation, earnings-call schedules, and capital actions such as common-stock repurchase authorization. The company's recurring operating commentary centers on demand conditions for contingent workforce projects, data and analytics activity, pricing discipline, and engagement with strategic client accounts.
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.
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.
Mastech Digital, Inc. (NYSE American: MHH) will conduct a conference call to discuss its second-quarter results, concluding on June 30, 2021. Scheduled for July 28 at 9:00 a.m. ET, the call will feature CEO Vivek Gupta, CFO Jack Cronin, and Chief Executive of Mastech InfoTrellis Paul Burton. Investors can participate via a listen-only dial-in at 877-407-3980 or through a live webcast at Mastech Digital's website. A replay will be available for 7 days post-call, ensuring accessibility for stakeholders.
Mastech Digital, Inc. (MHH) reported its Q1 2021 financial results, with consolidated revenues of $49.8 million, a 2% sequential increase from Q4 2020. While the Data and Analytics Services segment saw strong bookings, revenues remained flat year-over-year. The IT Staffing Services segment added a record 99 consultants, marking a 9% increase in demand. GAAP net income decreased to $1.2 million ($0.10 per share) from $1.9 million ($0.16). The company had cash reserves of $7.2 million with no debt, positioning it for future growth amid improving customer demand.
Mastech Digital, Inc. (NYSE American: MHH) will hold a conference call on April 28, 2021, at 9:00 a.m. ET to discuss its first quarter results ending March 31, 2021. The call will be hosted by CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton, Chief Executive of Mastech InfoTrellis. Investors can join via phone or live webcast. A replay will be accessible for 7 days after the call. Mastech Digital specializes in Digital Transformation IT Services, including Data Management and Analytics Solutions.
Mastech Digital's CEO, Vivek Gupta, has been recognized as one of the '2021 Most Influential Leaders of the Staffing Industry' by Staffing Industry Analysts. This marks the third time Gupta has received this honor, reflecting his commitment to innovation in the staffing sector during the challenging landscape of 2020. Gupta, who has been with the company since March 2016, has guided Mastech's transformation from an IT staffing service to a digital services provider, enhancing its offerings in Data, Digital Staffing, and Learning Services.
Mastech Digital (NYSE American: MHH) reported its Q4 and full-year 2020 financial results, showing a 3% decline in Q4 revenues to $48.7 million from $50.4 million in 2019. Full-year revenues slightly increased to $194.1 million. The Data and Analytics segment achieved record revenues of $8.9 million due to the AmberLeaf acquisition, while the IT Staffing segment faced a $3.4 million revenue drop. GAAP EPS decreased from $0.20 to $0.17 in Q4, but non-GAAP EPS rose to $0.29. The company improved cash balances by $4 million and reduced bank debt by $8 million.