Mastech Digital, Inc. Reports Net Income of $261,000 for Q1 2023

Mastech Digital, Inc.(MHH), a leading digital transfor mation services company, has released its financial results for the first quarter ended March 31, 2023. The company reported a net income of $261,000, showcasing a positive performance in the face of economic challenges. Despite the pandemic's impact on businesses globally, Mastech Digital demonstrated resilience in its operations. The revenue for Q1 2023 was reported at $55.06 million, reflecting the company's ability to maintain a stable stream of income.Let's explore the financial statements and further details of Mastech Digital's Q1 2023 performance:

Net Income/Loss

Mastech Digital, Inc. posted a net income of $261,000 for the first quarter of 2023, showcasing a substantial decrease compared to the same period in 2022, which reported a net income of $2.33 million. The decrease can be attributed to various factors, including the ongoing global economic challenges, inflation, and supply chain disruptions affecting businesses worldwide.

Revenue