Mastech Digital

Mastech Digital, Inc. engages in the provision of digital transformation information technology services. It operates through the following segments: Data & Analytics Services, and Information Technology (IT) Staffing Services. The Data & Analytics Services segment delivers data management and analytics services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital and mainstream technologies. The company was founded by Ashok Trivedi and Sunil Tekchand Wadhwani in 1986 and is headquartered in Moon Township, PA.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Mastech Digital reports Q4 challenges, eyes growth in data market

Mastech Digital navigated challenges in Q4 2022 with declining revenues and lower margins but showed resilience with a 9% revenue growth for the full year. The company's strengths include a strong balance sheet, growth prospects for 2023, and a focus on data modernization market.
While facing economic uncertainties and client spending caution, Mastech Digital is poised for growth in 2023 with improved demand, a larger pool of IT resources, and opportunities in the data modernization market. Addressing challenges and leveraging opportunities will be crucial for the company's future success.

Mastech Digital reports Q1 revenue decline, focuses on operational improvements

Mastech Digital faced challenges in Q1 2023 with revenue decline and margin pressure, but maintained a strong financial position.
Efforts to address operational issues and capitalize on growth opportunities signal a proactive approach to navigating market challenges.
Analyst inquiries and strategic initiatives suggest a focus on improving performance and driving long-term value creation for stakeholders.

Mastech Digital reports Q2 revenue decline, focuses on data services

Mastech Digital faced revenue decline and challenges in Q2 2023 but showed strengths in order bookings and data modernization services.
The company's focus on cost control and strategic service expansions present opportunities for future growth.
Navigating macroeconomic headwinds remains a challenge, but Mastech Digital is confident in its fundamentals and growth prospects.

Mastech Digital reports Q3 revenue decline but strengthens profitability

Mastech Digital navigated a challenging Q3 2023 with revenue decline but showcased improved profitability and efforts to control expenses. Despite facing headwinds, the company secured new contracts and maintained a healthy cash balance, indicating resilience and strategic focus.

Mastech Digital reports Q4 revenue decline, focuses on resilience

Mastech Digital's Q4 2023 saw revenue decline and a net loss, but the company maintained financial strength with no debt. Challenges include leadership changes and competitive pressures, while opportunities lie in addressing economic conditions and leveraging customer demand.

Mastech Digital reports mixed Q1 results, eyes growth opportunities

Mastech Digital's Q1 2024 performance showed revenue decline but sequential growth, with strong gross margin improvements and positive client trends.
The company faces challenges in reversing revenue decline, achieving profitability, and managing stock buybacks amidst financial losses.
Opportunities lie in capitalizing on IT staffing demand, data modernization trends, and enhanced client relationships for future growth and expansion.

Mastech Digital excels in Q2 with record revenues and margins

Mastech Digital delivered strong financial performance in Q2 2024, with revenue growth and margin expansion.
The company's focus on operational efficiency, financial discipline, and strategic growth initiatives bode well for future prospects.
While challenges persist in a competitive landscape, Mastech Digital's proactive approach and market positioning offer opportunities for sustained success.

Mastech Digital reports robust Q3 performance and eyes growth opportunities

Mastech Digital delivered a strong performance in Q3 2024, with revenue growth, improved gross margin, and solid net income figures, reflecting operational efficiency and financial stability.
The company's focus on operational improvements, financial strength, and market positioning presents opportunities for sustained growth and value creation in the evolving digital services landscape.
While challenges exist in managing costs and sustaining growth momentum, Mastech Digital's strategic focus on efficiency and market opportunities positions it well for future success and expansion.

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Mastech Digital, Inc. engages in the provision of digital transformation information technology services. It operates through the Data and Analytics Services and Information Technology (IT) Staffing Services segments. The Data and Analytics Services segment delivers data management and analytics services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital and mainstream technologies. The company was founded by Ashok Trivedi and Sunil Tekchand Wadhwani in 1986 and is headquartered in Moon Township, PA.

Mastech Digital, Inc. (NYSE:MHH ) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Jennifer Lacey - Manager, Legal Affairs Vivek Gupta - Chief Executive Officer Jack Cronin - Chief Financial Officer Michael Fleishman - Chief Executive Officer, Data and Analytics Services Conference Call Participants Lisa Thompson - Zacks Investment Research Timothy Call - The Capital Management Corporation Marc Riddick - Sidoti Operator Greetings, and welcome to the Mastech Digital, Inc. Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen only mode.

Mastech Digital, Inc. (MHH) Q4 2022 Earnings Call Transcript

Board of Directors approves a 500,000-share repurchase program   PITTSBURGH , Feb. 8, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the fourth quarter and full year ended December 31, 2022.  Additionally, the Company announced that the Board of Directors authorized a share repurchase program of up to 500,000-shares of Company common stock over the next two-years.

Mastech Digital Reports 9% Revenue Growth in 2022, Despite a 3% Decline in Fourth Quarter

PITTSBURGH , Jan. 27, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the fourth quarter and full year ended December 31, 2022. The conference call will occur on Wednesday, February 8th at 9:00 a.m.

Mastech Digital, Inc. to Discuss Fourth Quarter and Full Year 2022 Financial Results on February 8, 2023

Mastech Digital has done well to grow its top and bottom lines over the past few years. This alone is a big positive, as is the fact that most of its performance remains impressive so far this year.

Mastech Digital: Steady And Consistent

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NEW YORK , Nov. 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Mastech Digital, Inc. ("Mastech" or the "Company") (NYSE: MHH).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Mastech Digital, Inc. - MHH

PITTSBURGH , Nov. 14, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced the appointment of Mr. Michael Fleishman as the Chief Executive Officer of Mastech InfoTrellis effective immediately.

Mastech Digital Names Michael Fleishman as Chief Executive Officer of Its Data & Analytics Services Business

Mastech Digital, Inc. (NYSE:MHH ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Jennifer Lacey - Manager, Legal Affairs Vivek Gupta - Chief Executive Officer Jack Cronin - Chief Financial Officer Conference Call Participants Lisa Thompson - Zacks Marc Riddick - Sidoti Operator Greetings and welcome to the Mastech Digital Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Mastech Digital, Inc. (MHH) Q3 2022 Earnings Call Transcript

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The IT Staffing Services Segment Achieved 4% Sequential Revenue Growth during the Quarter PITTSBURGH , Nov. 2, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the third quarter ending September 30, 2022. Third Quarter 2022 Financial Highlights: The Company delivered consolidated revenues of $63.2 million in the third quarter of 2022, which represented organic growth of 6% over revenues of $59.5 million in the 2021 third quarter; The Company's Data and Analytics Services segment reported revenues of $10.1 million, a decline of $0.4 million over last year's $10.5 million; The IT Staffing Services segment achieved revenues of $53.1 million, an increase of $4.1 million or 8% over last year's $49.0 million; GAAP diluted earnings per share was $0.20 in the third quarter of 2022 compared to $0.28 in the third quarter of 2021; and Non-GAAP diluted earnings per share was $0.33 in the third quarter of 2022 compared to $0.38 in the 2021 third quarter.

Mastech Digital Reports 6% Increase in Revenues in the Third Quarter 2022

PITTSBURGH , Nov. 1, 2022 /PRNewswire/ --  Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced the resignation of Mr. Ganeshan Venkateshwaran, as the Chief Executive Officer of the Company's Data and Analytics Services Business segment, effective immediately.

Mastech Digital Announces Leadership Change In Its Data and Analytics Services Business Segment

PITTSBURGH , Oct. 20, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the third quarter ended September 30, 2022. The conference call will occur on Wednesday, November 2nd at 9:00 a.m.

Mastech Digital, Inc. to Discuss Third Quarter 2022 Financial Results on November 2, 2022

~Integrated with the website, the platform provides a digital shopping cart experience to users~ PITTSBURGH , Sept. 22, 2022 /PRNewswire/ -- Mastech Digital, a leading Digital Transformation Services company, has launched an online staffing platform that will help clients find IT consultants of their choice from across the country in a self-service mode.

Mastech Digital Launches Self-Service Staffing Platform for Clients

NEW YORK , Sept. 6, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Mastech Digital, Inc. (NYSE American: MHH).

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Mastech Digital, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

Mastech Digital Incorporated (NYSE:MHH ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Jennifer Lacey - Head of Legal & Admin Vivek Gupta - President & Chief Executive Officer John Cronin - Chief Financial Officer & Corporate Secretary Ganeshan Venkateshwaran - Chief Executive Officer of Mastech InfoTrellis Conference Call Participants Lisa Thompson - Zacks Investment Research Tim Call - The Capital Management Corporation Marc Riddick - Sidoti Operator Greetings. Welcome to Mastech Digital Inc. Second Quarter 2022 Earnings Call.

Mastech Digital Incorporated (MHH) CEO Vivek Gupta on Q2 2022 Results - Earnings Call Transcript

The Data & Analytics Segment Achieved 26% YOY Revenue Growth during the Quarter PITTSBURGH , Aug. 3, 2022 /PRNewswire/ --Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the second quarter ending June 30, 2022. Second Quarter 2022 Financial Highlights: The Company delivered consolidated revenues of $62.1 million in the second quarter of 2022, which represented organic growth of 16% over revenues of $53.7 million in the 2021 second quarter; The Company's Data and Analytics Services segment reported revenues of $11.3 million, an organic increase of 26% over last year's $9.0 million; The IT Staffing segment achieved revenues of $50.9 million and record gross margins of 23.3% during the second quarter 2022.

Mastech Digital Reports 16% Increase in Revenues in the Second Quarter 2022

PITTSBURGH , July 21, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the second quarter ended June 30, 2022. The conference call will occur on Wednesday, August 3rd at 9:00 a.m.

Mastech Digital, Inc. to Discuss Second Quarter 2022 Financial Results on August 3, 2022

Mastech Digital Incorporated (NYSE:MHH ) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Vivek Gupta – Chief Executive Officer Jennifer Ford – Manager of Legal Affairs Jack Cronin – Chief Financial Officer Ganesh Venkateshwaran – Chief Executive Officer of Data and Analytics Conference Call Participants Lisa Thompson – Zacks Investment Timothy Call – The Capital Management Marc Riddick – Sidoti and Company Brian Kinstlinger – Alliance Global Partners Rob Stevenson – Bennington Capital Operator Greetings. Welcome to Mastech Digital Incorporated First Quarter 2022 earnings call.

Mastech Digital Incorporated (MHH) CEO Vivek Gupta on Q1 2022 Results - Earnings Call Transcript

Both the Data & Analytics and IT Staffing Segments Achieved Double-Digit YOY Revenue Growth PITTSBURGH , April 27, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the first quarter ending March 31, 2022. First Quarter 2022 Highlights: The Company delivered record consolidated revenues in the first quarter of 2022.

Mastech Digital Reports 20% Increase in Revenues in the First Quarter 2022

PITTSBURGH , April 14, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the first quarter ended March 31, 2022. The conference call will occur on Wednesday, April 27th at 9:00 a.m.

Mastech Digital, Inc. to Discuss First Quarter 2022 Financial Results on April 27, 2022

Adds a Leader in Advanced Technologies PITTSBURGH, April 5, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced that Mr. Vlad Rak has been appointed as an independent member of the Company's Board of Directors, effective April 1, 2022.

Mastech Digital Announces Appointment of New Board Member

PITTSBURGH, March 28, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced the appointment of Mr. Ganeshan Venkateshwaran as the Chief Executive Officer of Mastech InfoTrellis, effective immediately.

Mastech Digital Names Ganeshan Venkateshwaran as Chief Executive Officer of Its Data & Analytics Services Business

Mastech supports businesses and organizations of all sizes with remote IT staffing and consulting. This area of labor supply is in high demand and is projected to grow nicely after the pandemic ends.

Remote Technology Staffing And Analytics For Business: Mastech Digital

PITTSBURGH, Feb. 21, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced that its President and CEO Vivek Gupta, has been named to the list of Top 100 Staffing Leaders to Watch in 2022 by Candidate.ly in collaboration with World Staffing Summit. Every year, the World Staffing Award selects the Top Staffing Leaders to watch.

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