Mastech digital reports 8% year-over-year revenue growth and 5% sequential revenue growth for the third quarter 2024

Consolidated gross margins of 28.5% set a new mastech digital record for the quarter pittsburgh , nov. 6, 2024 /prnewswire/ -- mastech digital, inc. (nyse american: mhh), a leading provider of digital transformation it services, announced today its financial results for the third quarter ended september 30, 2024.   third quarter 2024 highlights: total consolidated revenues increased by $4.1 million on a year-over-year basis and by $2.3 million on a sequential quarterly basis to $51.8 million and represented our third consecutive quarter of revenue growth; the company's data and analytics services segment reported revenues of $9.4 million, which were 17% higher than revenues in the third quarter of 2023 and 6% higher on a sequential basis from the second quarter of 2024; the it staffing services segment delivered revenues of $42.4 million, achieving year-over-year growth of 7% and sequential quarterly growth of 4% when compared to revenues reported in the second quarter of 2024; gross margins achieved during the third quarter of 2024 were a company performance record 28.5%, surpassing our previous gross margin record from the previous quarter; gaap diluted earnings per share was $0.16 in the third quarter of 2024, versus $0.01 in the third quarter of 2023 and $0.12 in the second quarter of 2024; and non-gaap diluted earnings per share was $0.23 in the third quarter of 2024, versus $0.11 in the third quarter of 2023 and $0.19 in the second quarter of 2024.
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