Mastech Holdings Reports First Quarter 2011 Results

Mastech Holdings MHH announced today its financial results for the first quarter ended March 31, 2011. Revenues for the quarter were $19.9 million and represented a 27% increase over the corresponding quarter last year. Gross profit for the first quarter of 2011 totaled $3.8 million or approximately $0.8 million above gross profit for the first quarter of 2010. Consolidated net income for the first quarter of 2011 totaled $37,000 or $0.01 per diluted share, compared to $63,000 or $0.02 per diluted share, in the same period last year.