Mastech digital reports a 16% year-over-year revenue decline in the second quarter of 2023

Challenging economic conditions impacted both business segments during the quarter   pittsburgh , aug. 2, 2023 /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, 2023.        second quarter 2023 highlights: total consolidated revenues declined by 16% to $52.2 million, compared to revenues of $62.1 million in the second quarter of 2022; the company's data and analytics services segment reported revenues of $8.8 million, compared to $11.2 million in the second quarter of 2022, as existing clients curtailed spending in 2023; the it staffing services segment achieved revenues of $43.4 million, compared to $50.9 million in the second quarter of 2022, with a decrease in revenues from financial services clients being a key driver in this decline; gaap diluted earnings (loss) per share was ($0.19) in the second quarter of 2023 versus $0.20 in the second quarter of 2022.
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