Mastech Digital Reports a 24% Year-over-Year Revenue Decline in the Third Quarter of 2023
PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the third quarter ended September 30, 2023.
- PITTSBURGH, Nov. 1, 2023 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the third quarter ended September 30, 2023.
- Revenues for the third quarter of 2023 totaled $47.8 million, compared to $63.1 million during the corresponding quarter of 2022.
- Gross profits in the third quarter of 2023 were $12.6 million, compared to $16.3 million in the same quarter of 2022.
- Our Days Sales Outstanding (DSO) measurement improved by one day during the quarter to 55 days on September 30, 2023."