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Mastech Digital Reports a 20% Year-over-Year Revenue Decline in the Fourth Quarter of 2023 [Yahoo! Finance]

Mastech Digital, Inc (MHH) 
NASDAQ:AMEX Investor Relations: mastechdigital.com/investors
Company Research Source: Yahoo! Finance
PITTSBURGH Feb. 7, 2024 /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, 2023 Fourth Quarter 2023 Highlights: Total consolidated revenues declined by 20% to $46.1 million , compared to revenues of $57.2 million in the fourth quarter of 2022; The Company's Data and Analytics Services segment reported revenues of $8.2 million , compared to $9.1 million in the fourth quarter of 2022, as existing clients curtailed spending in 2023; The IT Staffing Services segment achieved revenues of $37.9 million , compared to $48.1 million in the fourth quarter of 2022. Our billable consultants continued to decline during the quarter, albeit at a slower rate than what we experienced in the prior three quarters; GAAP diluted earnings (loss) per share was in the fourth quarter of 2023 versus in the fourth quarter of 2022. The fourth Show less Read more
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