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) 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.
Mastech Digital (NYSE American: MHH) will hold a conference call on February 10, 2021, at 9:00 a.m. ET to discuss its fourth quarter and full year 2020 financial results. The call features CEO Vivek Gupta, CFO Jack Cronin, and Paul Burton, Chief Executive of Mastech InfoTrellis. Investors can join via a listen-only dial-in or a live webcast available on the company’s website. A replay will be accessible for 7 days after the call. Mastech Digital offers Digital Transformation IT Services and is headquartered in Pittsburgh, PA.
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Mastech Digital (MHH) reported Q3 2020 revenues of $47.4 million, a decrease from $49.5 million in Q3 2019, influenced by COVID-19. Despite this, gross margins rose to a record 27.6%, up 100 basis points from the previous quarter. GAAP diluted earnings per share reached $0.25, compared to $0.17 a year prior, while non-GAAP EPS increased to $0.32 from $0.23. The Data and Analytics Services segment saw a sequential revenue rise, while IT Staffing Services gained headcount. The company reduced bank debt by $6.1 million, enhancing its financial position.
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