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View All NewsMastech Digital revenue rises in Q1
IT staffing provider Mastech Digital Inc. (NYSE MKT: MHH) reported revenue rose 30.9% in the first quarter to $43.3 million.
| (US$ thousands) | Q1 2018 | Q1 2017 | % change |
| Revenue | $43,333 | $33,100 | 30.9% |
| Gross profit | $10,261 | $6,209 | 65.3% |
| Gross margin | 23.7% | 18.8% | |
| Net income | $1,380 | $201 | nm |
The Pittsburgh-based firm reported IT staffing services organic revenue rose 11.1% to $36.8 million in the first quarter.
The data and analytics services segment contributed $6.6 million of revenue during the first quarter, up 28% from the fourth quarter. The company acquired the data and analytics services business with its acquisition in July of the services division of Canada-based InfoTrellis Inc.; the business offers project-based consulting services in the areas of master data management, enterprise data integration, data and analytics and digital transformation.
Share price and market cap
Shares in Mastech rose 13.15 % to $14.89 as of 12:44 Eastern time today. The company had a market cap of approximately $81.32 million.