Mastech Holdings (NYSE: MHH) reported Q4 EPS of $0.16, versus $0.16 reported last year. Revenue for the quarter came in at $44.6 million, versus $40.5 million reported last year.

• Revenues increased 10% to $44.6 million, compared to revenues of $40.5 million in the 2017 fourth quarter;
• The Company's data and analytics services segment, acquired on July 13, 2017, reported revenues of $5.4 million, compared to revenues of $5.1 million in the corresponding quarter of 2017;
• The IT staffing segment achieved organic revenue growth of 11% during the fourth quarter of 2018, compared to the fourth quarter of 2017;
• The number of billable consultants at year-end 2018 grew to 1,100 in the Company's IT staffing services segment - 12% higher than year-end 2017;
• GAAP diluted earnings per share were $0.08 versus $0.08 in the 2017 fourth quarter;
• Non-GAAP diluted earnings per share were $0.16 versus $0.16 in the 2017 fourth quarter.

"I am very pleased with Mastech Digital's performance in the fourth quarter as well as the full year 2018," commented Vivek Gupta, Mastech Digital\'s President and Chief Executive Officer. "We continue to make good progress in our mission of becoming a leading provider of digital transformation services. Our data and analytics services segment did well during the fourth quarter in terms of both pipeline growth and project wins. Investments made in our sales organization during the year are starting to bear fruit when we look at fourth quarter activity levels. Our IT staffing services segment delivered great results in the fourth quarter - as revenues grew by 11%; gross margins expanded by 60 basis points; and profitability improved largely as a result of our focus on digital technologies," he added.

Commenting on the Company's financial position, Jack Cronin, Mastech Digital's Chief Financial Officer, stated, "At December 31, 2018 we had bank debt, net of cash balances on hand, of $37.8 million and approximately $9 million of borrowing capacity available to us under our revolving credit line. During the quarter, debt levels declined by $3.6 million, as we made progress on cash conversion matters related to the implementation of our new Cloud-based ERP platform."

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