Mastech Holdings reports Q2 adjusted EPS 19c vs. 11c last year

Reports Q2 revenue $49.5M vs. $52.5M last year. Vivek Gupta, the company’s President and Chief Executive Officer stated, “The second quarter of 2024 was a continuation of market improvements experienced during the first quarter of 2024, as many of our clients appear to have shifted their spending patterns in a positive direction. Additionally, our gross profit margins improved to a Company quarterly performance record 28.2% during the quarter due to strong project delivery, higher consultant utilization and lower employee benefit costs. In summary, I feel good about our second quarter performance, with notable improvements in both top-line revenues and bottom-line operating profits.”