Mastech digital reports healthy second quarter 2021 results

Pittsburgh, july 28, 2021 /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, 2021. second quarter 2021 highlights: consolidated revenues totaled $53.7 million, a 13% increase over the second quarter 2020, with sequential growth of 8% compared to the first quarter of 2021; the company's data and analytics services segment reported its second consecutive quarter of strong bookings as client demand increased in the second quarter of 2021; the it staffing services segment added an additional 89 consultants-on-billing, an increase of 8% during the quarter, as demand for its services remained strong; consolidated gross margins increased slightly during the quarter on a year-over-year basis and were 100 basis points higher than in the first quarter of 2021; gaap diluted earnings per share were $0.31 in the second quarter of 2021 versus $0.25 in the second quarter of 2020; the second quarter of 2021 included a $2.0 million pre-tax gain related to a reduction in a contingent consideration liability; non-gaap diluted earnings per share were $0.29 in the second quarter of 2021 versus $0.33 in the second quarter of 2020, and represented an improvement of $0.10 over the first quarter of 2021.
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