IT Staffing Report: Feb. 13, 2014

Print

Mastech says demand solid, Q4 revenue up 21%

Mastech Holdings Inc. (NYSE MKT: MHH) reported solid demand in the fourth quarter despite disruptions due to the holiday season. Revenue at the Pittsburgh-based information technology staffing firm rose 21.3 percent year over year in the fourth quarter to $28.5 million.

Mastech reported fourth-quarter net income rose 32.0 percent to $961,000. Diluted earnings per share were 22 cents, but the company reported that a dividend and a year-end “appreciation bonus” for tenured employees impacted earnings by four cents per share.

Fourth-quarter gross margin was unchanged year over year 19.1 percent.

Full-year 2013 revenue rose 17.8 percent to $106.9 million, and full-year net income rose 77.9 percent to $3.8 million.

Mastech completed the sale of its healthcare business to Accountable Healthcare Staffing Inc. in the third quarter of this year in order to focus on IT staffing services.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*