Mastech digital reports a 20% year-over-year revenue decline in the fourth quarter of 2023

Its data and analytics segment reported strong order bookings during the quarter   pittsburgh , feb. 7, 2024 /prnewswire/ -- mastech digital, inc. (nyse american: mhh), a leading provider of digital transformation it services, announced today its financial results for the fourth quarter and full year ended december 31, 2023. fourth quarter 2023 highlights: total consolidated revenues declined by 20% to $46.1 million, compared to revenues of $57.2 million in the fourth quarter of 2022; the company's data and analytics services segment reported revenues of $8.2 million, compared to $9.1 million in the fourth quarter of 2022, as existing clients curtailed spending in 2023; the it staffing services segment achieved revenues of $37.9 million, compared to $48.1 million in the fourth quarter of 2022.
MHH Ratings Summary
MHH Quant Ranking