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View All NewsMastech Digital revenue up 4% in Q2, demand rises for staffing services
IT staffing provider Mastech Digital Inc. (NYSE MKT: MHH) reported revenue rose 4.3% in the second quarter to $35.1 million. The Pittsburgh-based firm noted demand for its staffing services increased during the second quarter from the previous quarter and the company expanded its billable consultant base in the quarter by more than 8%.
| (US$ thousands) | Q2 2017 | Q2 2016 | % change |
| Revenue | $35,086 | $33,629 | 4.3% |
| Gross profit | $7,077 | $6,889 | 2.7% |
| Gross margin | 20.2% | 20.5% | |
| Net income | $696 | $945 | -26.3% |
Quote
“I am pleased to see the continuation of higher levels of activity during the quarter and delighted with our 8% growth in consultants-on-billing,” said CEO Vivek Gupta. “We are clearly seeing tangible payback from the investment in our sales and recruitment organizations during the first half of 2017. We are excited to be entering the third quarter with strong momentum and the InfoTrellis acquisition completed as planned.”
Share price and market cap
Shares in Mastech rose 3.12% in early afternoon trading today to $9.25. The company had a market cap of approximately $41.6 million, according to Yahoo.