IT staffing provider Mastech Holdings Inc. (NYSE MKT: MHH) reported revenue rose 14.8% in the second quarter to $33.6 million. Gross margin also increased.

The Pittsburgh-based firm reported demand for its staffing services was up from the previous quarter, and it added 62 consultants for a total of 916 consultants-on-billing at the end of the quarter.

Mastech acquired Hudson IT in June 2015. In March, D. Kevin Horner resigned as president and CEO and director of the board. Mastech’s board appointed Vivek Gupta as his successor in these roles.

Quote

“We were able to organically grow our consultant-base during the quarter by 7%; our gross margins improved nicely from a quarter ago; and we completed a number of personnel moves aimed at strengthening our leadership capabilities and improving our operational effectiveness,” Gupta said. “Additionally, we have begun our journey of re-positioning Mastech to capitalize on opportunities in the vast area of digital technologies.”   

Share price and market cap

Shares in Mastech rose 17.19% in late morning trading today to $7.50. The company had a market cap of approximately $32.64 million, according to Yahoo!