earnings
confidence high
sentiment positive
materiality 0.80
Mastech Digital Q2 revenues up 16% to $62.1M; non-GAAP EPS $0.30
Mastech Digital, Inc.
2022-Q2 EPS reported
$0.39
revenue$121,872,000
- Consolidated revenues $62.1M, up 16% YoY; IT Staffing segment revenues $50.9M (+14%) with record gross margins of 23.3%.
- Data & Analytics segment revenues $11.3M, up 26% YoY; billable staff grew 22% to support H2 demand, dampening gross margins.
- GAAP diluted EPS $0.20 vs $0.19 (prior-year included $0.12 benefit from contingent liability revaluation); non-GAAP EPS $0.30 vs $0.29.
- GAAP net income $2.4M; non-GAAP net income $3.6M vs $3.4M in Q2 2021.