Mastech Digital, Inc

Greetings and welcome to the Mass Tech Digital Q4 2024 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Jenna Lacey, Manager of Legal Affairs for Mass Tech Digital. Thank you, Ms. Lacey. You may begin.

Thank you, Operator, and welcome to MazTech Digital's fourth quarter 2024 conference call. If you have not yet received a copy of our earnings announcement, it can be obtained from our website at www.maztechdigitals.com. With me on the call today are Neera Patel, MazTech Digital's Chief Executive Officer, and Jack Cronin, our Chief Financial Officer. I would like to remind everyone that statements made during this call that are not historical facts are forward-looking statements. These forward-looking statements include our financial growth and liquidity projections, as well as statements about our plans, strategies, intentions, and beliefs concerning the business, cash flows, costs, and the markets in which we operate. Without limiting the foregoing, the words believes, anticipates, plans, expects, and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are statements, there are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements, including those listed in the company's 2023 annual report on Form 10-K, filed with the Securities and Exchange Commission and available on its website at www.sec.gov. Additionally, management has elected to provide certain non-GAAP financial measures to supplement our financial results presented on a GAAP basis. Specifically, we will provide non-GAAP net income and non-GAAP diluted earnings per share, which we believe will provide greater transparency with respect to the key metrics used by management in operating the business. Reconciliations of these non-GAAP financial measures to their comparable GAAP measures are included in our earnings announcements which can be obtained from our website at www.maztechdigital.com. As a reminder, we will not be providing guidance during this call, nor will we provide any guidance in any subsequent one-on-one meetings or calls. I will now turn the call over to Nirav for his comments.

Thanks, Jenna, and good morning, everyone. Today is my 45th day with Maztech Digital. and it's a privilege to address you today as MassTech Digital's Chief Executive Officer. Let me start by giving you a bit of my background and experience. I have well over 25 years of experience as a technology executive with a track record of scaling large and mid-sized organizations. I have held several prominent leadership roles throughout my career. Prior to joining MassTech Digital, I served for over four years as President and CEO of Bristlecone, an AI-powered pure-play supply chain transformation company. And before that, I spent over 19 years at Cognizant playing many executive roles, scaling multi-billion dollar businesses across its key industry segments and serving enterprise clients globally. It's been an incredible and busy first 45 days since stepping into my role at MassTech Digital. I'm about halfway through my first 100 days, and in addition to focusing on the execution of our plans, I have spent a considerable amount of time listening to our customers, partners, employees, and investors. It is important for me to hear their perspectives and understand the expectations they have of us for the future. What is clear to me is that we have a strong foundation and culture that is deeply rooted in customer focus. But what's also clear to me is that we are at an inflection point, both in terms of speed of change brought by the AI revolution across our enterprise customers and the changing landscape of technology service providers in this rapidly evolving AI-first world. I believe that winning in the future will require organizations like ours to have a sharper execution focus and a founder's mindset for unlocking growth. We cannot ignore the evolving landscape shaping our industry. We are seeing the uncertainties created from a changing macro environment leading to greater caution and slower decision making. Companies are carefully assessing interest rates, liquidity, and market conditions to ensure their technology investments are both strategic and sustainable. That being said, I have no doubt that the AI revolution is real. Across industries, AI automation and data-driven decision-making are no longer just concepts. They are being actively embraced and internalized. Organizations are moving beyond exploration, building proof of concepts, integrating AI into core processes, and in many cases, rapidly scaling these capabilities to drive comparative advantage. While the path forward may not be linear, the appetite for AI-driven solutions remains strong. Emerging AI models like OpenAI, Cloud, LAMA, and DeepSeq are reinforcing the fact that AI is reshaping how enterprises work, optimize, and innovate. While Jack will provide a detailed update, I wanted to share a few thoughts on our performance in the fourth quarter of 2024. We have made meaningful progress delivering revenue and margin growth. with data and analytics seeing particularly strong acceleration. This performance reinforces our conviction that AI-driven digital modernization is the next frontier and that we are well positioned to capture this momentum. I sum up the fourth quarter in two words, execution and transition. We believe that 2025 will be the year we begin our transformation, one that helps enterprises reimagine themselves and transition into AI-first organizations. This is just the beginning of that journey. Looking ahead, we believe our long-term success will be driven by three principles that define who we are and where we are going. First, we believe we must lead with a sense of urgency. The window to establish ourselves as a leading technology provider that helps enterprises reimagine and transform into AI enterprises will not stay open forever. In this space, speed is not just an advantage, it is the difference between leading and lagging. Second, we believe we must build a compelling and relevant portfolio of offerings. Differentiation will be key. We are not just creating innovative solutions, but solutions that are essential to how businesses operate in the AI era. We believe our data modernization and staffing solutions must work together to drive deeper client engagement. It's not enough to participate. We believe we must integrate our strengths into a seamless high-value offering that sets us apart. Third, we believe we must execute with discipline. Growth is only meaningful when it is sustainable and profitable. We intend to drive efficiency across the organization, operate with accountability, and ensure that every investment we make and every position we take creates lasting value for our customers, employees, and shareholders. I recognize that building confidence in the leadership takes time and that it must be earned through clear execution and transparency. My commitment to you is simple. I plan to be direct about where we are, clear about where we need to go, and decisive about how we get there. Mass Tech Digital is not starting from scratch. We believe we have the right foundation, the right talent, and the right market opportunity. What we need is a runway to refine our strategy, sharpen our execution, and create a growth story that is truly our own. Thank you for your time and trust. I will now hand it over to Jack.