Mastech Digital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 07:00 am EDT
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Mastech Digital, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 47.78 million compared to USD 63.15 million a year ago. Net income was USD 0.125 million compared to USD 2.41 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.2 a year ago.
For the nine months, sales was USD 155.05 million compared to USD 185.02 million a year ago. Net loss was USD 1.79 million compared to net income of USD 7.17 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to basic earnings per share from continuing operations of USD 0.62 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to diluted earnings per share from continuing operations of USD 0.59 a year ago.
Mastech Digital, Inc. is a provider of digital transformation information technology (IT) services. The Company offers data management and analytics solutions, digital learning, and IT staffing services with a digital first approach. The Company operates through two segments: Data and Analytics Services, and IT Staffing Services. Its Data and Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics and cloud services to customers globally. Each of these services can be delivered using on-site and offshore resources. Its IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital and mainstream technologies. Its digital technology services include data management and analytics, cloud, mobility, social and automation. Its digital transformation services also include staffing and project-based services around digital learning.
MASTECH DIGITAL, INC. 
