Mastech Holdings (MHH) Reports Q1 EPS of $0.15 on Revenues of $45.2M

Mastech Holdings (NYSE: MHH) reported Q1 EPS of $0.15, versus $0.18 reported last year. Revenue for the quarter came in at $45.2 million, versus $43.3 million reported last year.

First Quarter 2019 Highlights:

• Total revenues increased 4% to $45.2 million, compared to revenues of $43.3 million in the 2018 first quarter;
• The Company's data and analytics services segment reported revenues of $5.8 million, compared to revenues of $6.6 million in first quarter 2018, but exceeded fourth quarter 2018 revenues of $5.4 million - as pipeline and project wins increased;
• The IT staffing segment achieved organic revenue growth of 7% during the first quarter of 2019, compared to the first quarter of 2018;
• The number of billable consultants at March 31, 2019 grew to 1,116 in the Company\'s IT staffing services segment – the fifth consecutive quarter of headcount expansion;
• GAAP diluted earnings per share were $0.09 versus $0.12 in the 2018 first quarter;
• Non-GAAP diluted earnings per share were $0.15 versus $0.18 in the 2018 first quarter.

"I am happy to state that our Data and Analytics segment is once again showing sequential growth - thanks to accelerated positive momentum in terms of pipeline expansion and project wins," commented Vivek Gupta, Mastech Digital's Chief Executive Officer. "We continue to see positive developments in this segment, including the recent appointment of industry veteran Paul Burton as its Chief Executive. Our IT staffing segment continued to deliver above industry average growth at higher gross margins, on the strength of our focus on digital technologies," he added.

For earnings history and earnings-related data on Mastech Holdings (MHH) click here.

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