Mastech digital reports first quarter 2021 results

Pittsburgh, april 28, 2021 /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, 2021. first quarter 2021 highlights: consolidated revenues totaled $49.8 million, a 2% sequential increase over fourth quarter 2020; the company's data and analytics services segment reported a strong bookings performance during the quarter, despite flat revenues as compared to the previous quarter; customer demand improved as the covid-19 situation recovers in north america and drives our s,g&a investments to capture anticipated future revenues; the it staffing services segment added a record 99 consultants-on-billing, an increase of 9% during the quarter, as the demand for its services continued to increase; consolidated gross margins increased 50-basis points on a year-over-year basis; gaap diluted earnings per share were $0.10 in the first quarter of 2021 versus $0.16 in the first quarter of 2020; non-gaap diluted earnings per share were $0.19 in the first quarter of 2021 versus $0.23 in the first quarter of 2020.
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