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Mastech revenue down 4%

July 28 2010

Mastech Holdings Inc. (AMEX: MHH), a Pittsburgh-based IT and healthcare staffing firm, reported second-quarter revenue fell 4.3% on year-over-year basis but gross margin improved.

The company posted second-quarter revenue of $16.9 million compared with $17.7 million in the same period last year.

Second-quarter gross margin was 19.9% compared with 19.3% in the year-ago quarter.

Mastech reported net income of $109,000, down 57.4% from $256,000 in the second quarter of 2009.

Mastech Holdings Inc. (AMEX: MHH)
For the second quarter ended June 30, 2010, compared with the same period in 2009.
Revenue: $16.9 million, -4.3%
Net income: $109,000, -57.4%


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