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Earnings Call Summary | Mastech Digital(MHH.US) Q1 2024 Earnings Conference

Earnings Call Summary | Mastech Digital(MHH.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Mastech Digital (MHH.US) 2024 年第一季度業績會議
富途資訊 ·  05/12 14:57  · 電話會議

The following is a summary of the Mastech Digital, Inc. (MHH) Q1 2024 Earnings Call Transcript:

以下是Mastech Digital, Inc.(MHH)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • In Q1 2024, Mastech Digital's revenues totaled $46.8 million, a 15% year-over-year decline but a 2% growth over the previous quarter.

  • Revenues in the Data and Analytics service segment were $8.1 million, while the IT Staffing Services segment revenues totaled $38.8 million.

  • Gross margins improved to 25.9% in Q1 2024 from 24.5% the previous year.

  • The company reported a GAAP net loss of $161,000, or $0.01 loss per diluted share, and a non-GAAP net income of $800,000, or $0.06 per diluted share.

  • The company had $19.4 million in cash balances, no bank debt, and a borrowing availability of $24.2 million under its revolving credit facility as of March 31, 2024.

  • 在2024年第一季度,Mastech Digital的總收入爲4,680萬美元,同比下降15%,但比上一季度增長了2%。

  • 數據和分析服務板塊的收入爲810萬美元,而IT人員配備服務板塊的總收入爲3,880萬美元。

  • 毛利率從去年的24.5%提高到2024年第一季度的25.9%。

  • 該公司報告的GAAP淨虧損爲16.1萬美元,攤薄後每股虧損0.01美元,非公認會計准則淨收益爲80萬美元,攤薄後每股虧損0.06美元。

  • 截至2024年3月31日,該公司的現金餘額爲1,940萬美元,無銀行債務,循環信貸額度下的可用借款額度爲2420萬美元。

Business Progress:

業務進展:

  • The company's Q1 2024 bookings totaled $9.6 million, surpassing last year's Q1 bookings by $1.2 million.

  • Mastech Digital increased its billing consultant headcount by 6% in Q1 2024 and is optimistic about its clients' willingness to start new assignments and tackle pent-up IT needs.

  • The company remains committed to its share buyback program and plans to continue purchases once out of the earnings blackout period.

  • In terms of strategic partnerships and brand development, the company sponsored Gartner's Data & Analytics Summit, which resulted in new client introductions and enhanced its go-to-market strategy.

  • 該公司2024年第一季度的預訂總額爲960萬美元,比去年第一季度的預訂量高出120萬美元。

  • Mastech Digital在2024年第一季度將其計費顧問人數增加了6%,並對其客戶願意開始新任務和滿足被壓抑的IT需求持樂觀態度。

  • 該公司仍然致力於其股票回購計劃,並計劃在收益封鎖期結束後繼續收購。

  • 在戰略合作伙伴關係和品牌發展方面,該公司贊助了Gartner的數據與分析峯會,該峯會引入了新的客戶並加強了其進入市場戰略。

More details: Mastech Digital IR

更多詳情: Mastech 數字紅外

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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