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Stock impact report

Mastech Digital Announces New Deals Worth $23 Million Signed in December 2019

Mastech Digital, Inc (MHH) 
NASDAQ:AMEX Investor Relations: mastechdigital.com/investors
Company Research Source: PR Newswire
PITTSBURGH, Pennsylvania, Feb. 12, 2020 /PRNewswire/ -- Mastech Digital (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today that its Data and Analytics business, branded as Mastech InfoTrellis, signed orders worth $23 million during the month of December 2019.Such a large value of bookings in one month is unprecedented for the Company. These new orders have been received from blue-chip customers in the financial services, pharma, and healthcare verticals. Most of the order value has come from two large Center of Excellence ('COE') assignments, which are multi-year annuity engagements. These bookings are not only a strong leading indicator of future revenue growth but also should help mitigate some of the lumpiness in our quarterly results from the data and analytics business.Commenting on these large wins, Vivek Gupta, President and CEO, Mastech Digital, said, "Considering that Mastech InfoTrellis delivered annual revenues of $24 million jus Show less Read more
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