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PRNewsWire
5 months ago
Mastech Digital Reports First Quarter 2025 Revenue Growth of 3%
Consolidated Gross Profits increased by 6% over the First Quarter of 2024 PITTSBURGH , May 16, 2025 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights: Total consolidated revenues increased by 3% to $48.3 million, compared to revenues of $46.8 million in the first quarter of 2024; Consolidated gross margins increased by 80-basis points, compared to gross margins achieved in the first quarter of 2024; The Company's Data and Analytics Services segment reported revenues of $9.0 million, or 11% higher than revenues of $8.1 million reported in the first quarter of 2024; The IT Staffing Services segment achieved a 2% increase in its revenues during the first quarter of 2025, compared to the corresponding quarter of 2024; GAAP diluted (loss) per share was ($0.12) in the first quarter of 2025, versus a diluted (loss) per share of ($0.01) in the first quarter of 2024.