Mastech Digital Reports 9% Revenue Growth in 2022, Despite a 3% Decline in Fourth Quarter

Mastech Digital Reports 9% Revenue Growth in 2022, Despite a 3% Decline in Fourth Quarter

Board of Directors approves a 500,000-share repurchase program PITTSBURGH, Feb. 8, 2023 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, announced today its financial results for the fourth quarter and full year ended December 31, 2022. Additionally, the Company announced that the Board of Directors authorized a share repurchase program of up to 500,000-shares of Company common stock over the next two-years. Fourth Quarter 2022 Highlights: Total consolidated revenues declined by 3% to $57.2 million, compared to revenues of $59.0 million in the 2021 fourth quarter; The Company’s Data and Analytics Services segment reported revenues of $9.1 million, compared to $10.1 million in the 2021 fourth quarter; The IT Staffing Services segment achieved revenues of $48.1 million, compared to $49.0 million in the 2021 fourth quarter, as its consultants-on-billing declined during the quarter; GAAP diluted earnings per share were $0.13 in the fourth quarter of 2022 versus $0.32 in the 2021 fourth quarter; Non-GAAP diluted earnings per share were $0.23 in the fourth quarter of 2022 versus $0.34 in the 2021 fourth quarter; and During the fourth quarter of 2022, the Company appointed Michael Fleishman as the new Chief Executive Officer […]

Brazil mining regulator seeks comments on digital transformation

Brazil mining regulator seeks comments on digital transformation

Brazil’s mining regulator ANM launched a public consultation on hiring consultancy services to support internal digital transformation . Comments may be submitted via email through February 22, but companies will also be able to schedule individual virtual meetings, a press release said. ANM ‘s systems are considered obsolete and many procedures are still done on paper. Digitization is expected to speed up processing.

14 Things Today’s CEOs Require From Their CIOs

14 Things Today’s CEOs Require From Their CIOs

getty While the chief executive officer is in charge of big-picture business decisions, in today’s tech-driven economy, a CEO depends a lot on their chief information officer. With their in-depth knowledge of technology and how it can help achieve business goals, CIOs have been seeing their role and influence grow across industries. From tapping into their tech knowledge to leveraging their understanding of digital risk, a CEO can learn a lot from a CIO. Below, 14 members of Forbes Technology Council share important qualities, skills and expertise today’s CEOs need from their CIOs, and why. 1. Knowledge Of ‘How Everything Connects’ CIOs need to understand the business, the market, the competition and the customers to the same degree as the CEO. Technology is now driving many elements in the market, and it is important to make the right decision at the right time for any technology initiative. Understanding “how everything connects” allows the CIO to be able to successfully affect the business, the market and the customer. – Michael Loggins , SMC Corporation of America 2. An Ability To Communicate The Value Of Technology CEOs need their CIOs to be knowledgeable about technology and its impact on the business, […]

LEAP23 Announces Further Investments of US$580 million as Saudi Arabia Accelerates Digital Transformation

Wipro announced investments of US$110 million to expand its cloud studio service and Zoho outlined plans to expand its presence in the Kingdom with new office RIYADH, KINGDOM OF SAUDI ARABIA, February 8, 2023 / EINPresswire.com / — LEAP23, the world’s most visionary technology event, today announced a series of new investment and funding programmes designed to accelerate the Kingdom’s digital transformation in multiple fields.The announcements, which equate to US$580 million and follow more than US$9 billion of investments revealed earlier this week, include the launch of a major new data centre and two dedicated academies to develop the technical skills of homegrown talent, and provide them with the tools of the future. Powered by Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) in conjunction with Tahaluf – a strategic joint venture co-owned by Informa PLC and SAFCSP – LEAP23 boasts an exhibitor and convention line-up of transformational talent, a product showcase of advanced and generative technology potential, and a celebrity cast of billionaire entrepreneurs, business magnates, sporting heroes, and musical icons turned futurists and financiers. On-show business across the show floor at Riyadh Front Exhibition & Conference Centre has been unprecedented, with the latest announcements underlining the […]

Treasure Data Expands Global Strategic Collaboration Agreement with AWS to Help Companies Accelerate Digital Transformation and Deliver Connected Customer Experiences

Treasure Data Expands Global Strategic Collaboration Agreement with AWS to Help Companies Accelerate Digital Transformation and Deliver Connected Customer Experiences

Expansion of the SCA will Help Enterprises Gain Knowledge and Insights About Their Customers Through Treasure Data’s Customer Data Cloud MOUNTAIN VIEW, Calif., Feb. 8, 2023 /PRNewswire/ — Treasure Data , a leading enterprise customer data platform (CDP) provider, today announced a multi-year strategic collaboration agreement (SCA) with Amazon Web Services, Inc. (AWS) to help companies accelerate digital transformation journeys and deliver omnichannel connected customer experiences. Through increased product support, joint solutions development, and collaborative go-to-market planning and execution, the expanded partnership provides Treasure Data’s global customers more robust and streamlined service. "The volume and variety of data we collect helps Subaru build customer loyalty and distinguish our brand for success in a highly competitive transportation market," said Noguchi Kiyoshige, GM of Digital Innovation at Subaru. "Treasure Data gives us enterprise grade scale and through its close collaboration with AWS, is the only platform we’ve found that will handle that scale of data collection as quickly and flexibly." Built exclusively on AWS, Treasure Data’s Customer Data Cloud , an integrated suite of cloud-based customer data platform solutions, powers the entire enterprise to embrace customer centricity and connect customer experiences. The new three-year alliance with AWS deepens the companies’ collaboration […]

Compensation Is Hitting Its Digital Transformation Moment

Compensation Is Hitting Its Digital Transformation Moment

Written by Lisa Wallace and Enrique Esclusa, Cofounders & Co-CEOs, Assemble Compensation is experiencing its digital transformation moment. What is the full value of my compensation? How was it determined, and by whom? Am I paid competitively in the market? With the 2022 merit and bonus season behind many of us, and a year of looming economic uncertainty ahead, more employees and companies across America are asking hard questions about compensation than ever before. iStock Attention to what employees are paid for their contributions has skyrocketed in the past several years, as the COVID-19 pandemic dramatically disrupted the manner and method with which employees, particularly white collar knowledge workers, show up to and perform their jobs. This shift demands new tools and methods for managing compensation in order for businesses to succeed. We are experiencing compensation’s “Digital Transformation” moment, and it’s long overdue. Compensation and Total Rewards Professionals Are Aging Out of the Workforce The practice of determining what and why a certain employee is paid is usually run as a sub-function under Human Resources. Traditionally called Compensation & Benefits, it has more recently been rebranded to “Total Rewards” to more fully capture non-cash components of employee compensation like […]

16 EPAM Experts Named Sitecore Most Valuable Professionals

16 EPAM Experts Named Sitecore Most Valuable Professionals

Elite distinction awarded for commitment and dedication to the Sitecore community NEWTOWN, Pa., Feb. 8, 2023 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM ), a leading digital transformation services and product engineering company, today announced that Sitecore®, the global leader in end-to-end digital experience management software, has named 16 of its employees as Most Valuable Professionals (MVPs). The honorees were among only 137 technology MVPs, 30 strategy MVPs and 74 ambassadors worldwide to be named a Sitecore MVP this year. 16 EPAM Employees Named Sitecore MVPs Now in its 17 th year, the MVP program recognizes professionals who actively share their fascination, knowledge and expertise with online and offline Sitecore communities to help them best utilize Sitecore products to deliver premier customer experiences. Selected out of more than 16,000 certified developers and over 30,000 active community participants, the 241 MVPs are truly an elite group. This year’s MVPs were selected by a panel of Sitecore employees for the quality, quantity and impact of the contributions they made in 2022, including the sharing of product expertise and advanced knowledge of the Sitecore platform to support both partners and customers. "This year, we’ve marked an incredible milestone for EPAM, having been […]

Digital Transformation Firm Brillio Appoints Navneet Narula to Lead Global Banking and Financial Services Unit

Digital Transformation Firm Brillio Appoints Navneet Narula to Lead Global Banking and Financial Services Unit

Brillio , a digital transformation services and solutions provider, announced the appointment of Navneet Narula as the Global Head of Banking, Financial Services & Insurance (BFSI). Narula brings over 20 years of leadership experience “building and scaling new growth engines and transforming business verticals throughout his career working in software services, consulting and private equity.” Brillio’s BFSI unit “serves the banking, insurance, asset/wealth management and capital markets industries to offer seamless business and technology integration/modernization services, and deliver digital experiences that enhance business outcomes.” Through its AI-enabled platform, clients can “leverage data-rich insights that inform risk and regulatory assessment, streamline operating models and ensure hyper-personalized customer experiences.” Brillio’s partners “benefit from a comprehensive digital transformation strategy that drives competitive advantage, customer acquisition and modernized capabilities.” Raj Mamodia , founder and CEO of Brillio , said: “As Brillio expands our footprint within the banking, financial services and insurance sectors, Navneet’s vision for driving the next frontier of growth will set the standard for how our teams build upon new and existing growth avenues and innovative applications. Navneet’s rich background in banking, financial services, and capital markets, along with a strong record of differentiated entrepreneurial and executive leadership experience, made him […]

WinWire Welcomes John Castleman to its Board of Directors

WinWire Welcomes John Castleman to its Board of Directors

SANTA CLARA, Calif., Feb. 8, 2023 /PRNewswire/ — WinWire Technologies , a Data-driven Digital Engineering company, announces the appointment of John Castleman , Former CEO of Mobiquity, to WinWire’s Board of Directors. John brings over three decades of experience in the software development and services industry. His unique industry expertise and passion for technology have led several companies to drive substantial business growth. John’s perspective and leadership experience in digital transformation will be a key addition to WinWire as it continues to scale its business. "We are pleased to welcome John to our Board. John’s extensive experience in business and technology transformation will be of great value to WinWire as we build differentiated capabilities and broaden our offerings to address the diverse digital needs of our customers. John adds to the strength and depth to our Board, and we look forward to benefiting from John’s insights and leadership," said Ashu Goel , CEO of WinWire. "I am delighted to join WinWire’s Board. WinWire is at the forefront of the digital engineering space, focusing on delivering successful digital transformation initiatives. I look forward to working with WinWire in accelerating their growth trajectory," said John. About WinWire WinWire Technologies is a […]

Digital Transformation Success Strategies for 2023

Digital Transformation Success Strategies for 2023

Sponsored by Digital transformation isn’t just about technology – it’s about rethinking how you communicate and requires alignment with plans and goals. Goals that are focused on digital transformation within the organization, with clients, partners, and vendors. It’s about transforming organizations, cultures, and lives. The pandemic greatly accelerated the process. For many firms, digitization yielded additional benefits—including opening up new opportunities for growth. But wealth management firms soon discovered they needed consistent, standardized processes to scale their businesses successfully. The articles in this eBook offer real-world examples of powerful digital transformation in action—including digitizing the onboarding process; automated workflows for more efficient front-end and back-end processes; and approaches for streamlining data collection and reporting. Download the eBook to learn more. By clicking above, I acknowledge and agree to Informa’s Terms of Service and to Informa’s use of my contact information to communicate with me about offerings by Informa, its brands, affiliates and/or third-party partners, consistent with Informa’s Privacy Policy . In addition, I understand that my personal information will be shared with any sponsor(s) of the resource, so they can contact me directly about their products or services. Please refer to the privacy policies of such sponsor(s) for more […]