Mastech digital reports 6% sequential revenue growth for the second quarter of 2024

Consolidated gross profit margins of 28.2% set a new quarterly record for mastech digital pittsburgh , aug. 7, 2024 /prnewswire/ -- mastech digital, inc. (nyse american: mhh), a leading provider of digital transformation it services, announced today its financial results for the second quarter ended june 30, 2024.   second quarter 2024 highlights: total consolidated revenues increased by $2.7 million on a sequential quarterly basis to $49.5 million and represented our second consecutive quarter of revenue growth; the company's data and analytics services segment reported revenues of $8.9 million, which were approximately 10% higher sequentially than revenues of $8.1 million reported in the first quarter of 2024; the it staffing services segment reported revenues of $40.7 million, achieving sequential quarterly revenue growth of 5% when compared to revenues reported in the first quarter of 2024; gross profit margins during the second quarter of 2024 achieved a company quarterly performance record of 28.2%, as the company's two business segments reported margin improvements on both a year-over-year and a sequential quarterly basis; gaap diluted earnings (loss) per share was $0.12 profit in the second quarter of 2024, versus a ($0.19) loss in the second quarter of 2023 and a ($0.01) loss in the first quarter of 2024; and non-gaap diluted earnings per share was $0.19 in the second quarter of 2024, versus $0.11 in the second quarter of 2023 and $0.06 in the first quarter of 2024.
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