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Mastech Revenue Up 30% in Q4

February 02 2011

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based IT and healthcare staffing firm, reported fourth-quarter revenue rose 30.2 percent on year-over-year basis.

The company posted fourth-quarter revenue of $20.3 million compared with $15.6 million in the same period in the previous year.

Fourth-quarter gross margin was 19.7 percent compared with 19.2 percent in the year-ago quarter.

Mastech reported net income of $304,000, up 38.8 percent from $219,000 in the fourth quarter of 2009.

For the full year 2010, the company generated revenue of $71.8 million, up 1.0 percent compared to $71.1 million in 2009. Gross margin for the full year 2010 was 19.6% compared to 18.9% in 2009. Net income for 2010 totaled $663,000, down 52.5 percent from $1.4 million in 2009.

Mastech Holdings Inc. (AMEX: MHH)
For the fourth quarter ended Dec. 31, 2010, compared with the same period in 2009.
Revenue: $20.3 million, +30.2 percent
Net income: $304,000, +38.8 percent

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