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View All NewsMastech Digital revenue rises 15% in Q3; adds data and analytics services revenue
IT staffing provider Mastech Digital Inc. (NYSE MKT: MHH) reported revenue rose 14.5% in the third quarter to $39.2 million.
| (US$ thousands) | Q3 2017 | Q3 2016 | % change |
| Revenue | $39,228 | $34,263 | 14.5% |
| Gross profit | $8,818 | $6,897 | 27.9% |
| Gross margin | 22.5% | 20.1% | |
| Net loss/income | -$136 | $924 | nm |
The Pittsburgh-based firm reported IT staffing services revenue rose 2.6% to $35.2 million in the third quarter. Data and analytics services revenue was $4.1 million; the company acquired the data and analytics services business in July.
Quote
“Our IT staffing services business continued to grow its billable associate-base for the third consecutive quarter,” CEO Vivek Gupta said. “And we continued to see tangible returns from the investments made in our sales and recruitment organizations since the beginning of 2017. While our revenues were adversely impacted by the disruptions caused by the hurricanes in the states of Florida and Texas, I believe we did an admirable job of performing well with elements of our business that we could control.”
Share price and market cap
Shares in Mastech were down 6.36% to $11.94 as of 12:43 Eastern time today. The company had a market cap of approximately $65.1 million.