FINANCIALS: US Mastech’s Hudson IT buy boosts profits

US IT staffing services provider Mastech’s June 2015 acquisition of recruiter Hudson’s IT division helped boost full-year profitability, its latest financial results show.
Thu, 4 Feb 2016

US IT staffing services provider Mastech’s June 2015 acquisition of recruiter Hudson's IT division helped boost full-year profitability, its latest financial results show. 

Announcing Mastech’s Q4 and full-year financial results for the respective periods to 31 December 2015, its chief executive Kevin Horner said year-on-year comparables show Hudson IT to have been “an excellent acquisition”.

Mastech’s financial report shows:

• Q4 revenue of US$32.5m (£22.3m), up from $28.5m in Q4 2014

• Q4 gross profit of $6.7m, up from $5.2m 

• Full-year revenue of $125.5m, up from $113.5m in 2014

• Full-year GP of $23.8m (19.3% of revenue), up from $20.8m (18.3% of revenue) in 2014 

No detail was given, however, on just how much the acquisition affected financial performance.

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