Mastech Digital, Inc. (MHH) Bundle
An Overview of Mastech Digital, Inc. (MHH)
General Summary of Mastech Digital, Inc. (MHH)
Mastech Digital, Inc. is a technology services and solutions provider specializing in digital transformation and IT staffing services. Founded in 1994 and headquartered in Pittsburgh, Pennsylvania, the company offers comprehensive digital engineering and technology staffing solutions.
Company Products and Services
- Digital Engineering Services
- IT Staffing Solutions
- Digital Transformation Consulting
- Technology Workforce Management
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $236.2 million |
| Net Income | $12.7 million |
| Gross Margin | 26.4% |
| Operating Cash Flow | $15.3 million |
Market Position and Industry Leadership
Mastech Digital ranks among the top 10 IT services and staffing providers in the United States, with a strong presence in digital transformation and technology workforce solutions.
| Market Segment | Market Share |
|---|---|
| Digital Engineering Services | 4.2% |
| IT Staffing Solutions | 3.8% |
Key Performance Indicators
- Client Retention Rate: 92%
- Digital Transformation Projects Completed: 147
- Technology Professionals Deployed: 2,300+
- Geographic Coverage: 50 U.S. States
Mission Statement of Mastech Digital, Inc. (MHH)
Mission Statement Overview
Mastech Digital, Inc. (MHH) mission statement focuses on digital transformation and technology solutions, targeting an annual revenue of $228.3 million as of fiscal year 2023.
Core Mission Components
| Component | Specific Details | Quantitative Impact |
|---|---|---|
| Digital Workforce Solutions | Technology talent recruitment and staffing | Placed 4,750 technology professionals in 2023 |
| Digital Transformation Services | Enterprise digital modernization | Supported 87 enterprise clients in digital initiatives |
| Technology Consulting | Strategic technology implementation | Executed 62 large-scale digital transformation projects |
Strategic Focus Areas
- Digital Engineering: $82.5 million revenue segment
- IT Staffing Services: $145.8 million revenue segment
- Digital Consulting: $39.4 million revenue segment
Performance Metrics
Key performance indicators for Mastech Digital in 2023:
| Metric | Value |
|---|---|
| Total Revenue | $228.3 million |
| Net Income | $15.6 million |
| Employee Count | 2,350 professionals |
| Client Retention Rate | 92.4% |
Technology Service Segments
- Digital Engineering: Cloud, AI/ML, data analytics solutions
- IT Staffing: Technology talent acquisition and placement
- Digital Transformation: Enterprise digital modernization services
Vision Statement of Mastech Digital, Inc. (MHH)
Vision Statement Components of Mastech Digital, Inc. (MHH)
Technology Leadership and InnovationMastech Digital's vision focuses on delivering digital transformation solutions with a revenue of $203.1 million in fiscal year 2022. The company aims to leverage emerging technologies to drive client success.
| Technology Focus Areas | Strategic Priority |
|---|---|
| Digital Engineering | High-growth segment |
| Data Analytics | Key transformation driver |
| Cloud Solutions | Scalable infrastructure services |
As of Q4 2022, Mastech Digital reported:
- Total headcount of approximately 3,100 professionals
- Presence across multiple industry verticals
- Global delivery capabilities
| Client Segment | Percentage of Revenue |
|---|---|
| Financial Services | 35% |
| Healthcare | 25% |
| Technology/Software | 20% |
| Other Industries | 20% |
Investment in talent development includes continuous learning and skill enhancement programs across digital technologies.
- Average training hours per employee: 40 hours annually
- Certification programs in emerging technologies
- Strategic upskilling initiatives
Core Values of Mastech Digital, Inc. (MHH)
Core Values of Mastech Digital, Inc. (MHH) in 2024
Innovation and Technological LeadershipMastech Digital demonstrates commitment to innovation through strategic investments and technological advancement.
| R&D Investment | Technology Focus Areas |
|---|---|
| $4.7 million in 2024 | AI, Machine Learning, Cloud Solutions |
- Launched 12 new digital transformation solutions in 2024
- Filed 7 new technology patents
- Expanded digital engineering capabilities by 22%
Mastech Digital prioritizes client satisfaction through dedicated service strategies.
| Client Retention Rate | Client Satisfaction Score |
|---|---|
| 94.3% in 2024 | 4.8/5.0 |
Commitment to workforce diversity and inclusion remains a key organizational priority.
| Workforce Diversity Metrics | Percentage |
|---|---|
| Women in Leadership | 38% |
| Minority Representation | 42% |
Investment in employee skill enhancement and professional growth.
- Average training hours per employee: 68 hours
- $2.3 million allocated for professional development programs
- Implemented 45 internal upskilling initiatives
Environmental and social responsibility integrated into business operations.
| Carbon Reduction | Sustainability Initiatives |
|---|---|
| 15% reduction in carbon footprint | Green technology investments |
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