STOCK TITAN
  1. Home
  2. News
  3. HCKT

Hackett Group Inc (The). - HCKT STOCK NEWS

Welcome to our dedicated page for Hackett Group (The). news (Ticker: HCKT), a resource for investors and traders seeking the latest updates and insights on Hackett Group (The). stock.

The Hackett Group Inc (NASDAQ: HCKT) is a premier intellectual property-based strategic consultancy firm renowned for its expertise in enterprise benchmarking and digital transformation. With a strong focus on global companies, Hackett Group offers a comprehensive range of services designed to enhance business performance and operational efficiency.

Specializing in digital transformation, the firm provides cutting-edge solutions including robotic process automation and enterprise cloud application implementation. Their service portfolio extends to business transformation, enterprise analytics, working capital management, and global business services. Additionally, Hackett Group has a notable presence in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, earning accolades for its Oracle and SAP practices.

Since its inception, Hackett Group has executed over 15,000 benchmarking studies with leading corporations and government entities. Their clientele includes 97% of the Dow Jones Industrials, 89% of the Fortune 100, 87% of the DAX 30, and 59% of the FTSE 100. These studies contribute to the firm's Best Practice Intelligence Center™, a repository of benchmarking metrics and practices designed to drive organizational excellence.

The company is organized into three main segments: Oracle Solutions, SAP Solutions, and Global Strategy & Business Transformation (S&BT). The Global S&BT segment, primarily operating in the United States, is the leading revenue generator, reflecting the firm's strong market position and trusted advisory capabilities.

As a trailblazer in Generative Artificial Intelligence (Gen AI) strategy, Hackett Group continues to innovate, providing clients with advanced solutions to navigate the complexities of modern business environments. With a commitment to excellence and a track record of success, Hackett Group remains a pivotal player in the realms of strategic consulting and digital enterprise transformation.

News

The Hackett Group, Inc. Invites You to Participate in the 2023 Fourth Quarter Earnings Conference Call on Tuesday, February 20, 2024

Rhea-AI Summary
The Hackett Group, Inc. (HCKT) will release financial results for the fourth quarter ended December 29, 2023, on February 20, 2024. The senior management will discuss the results in a conference call at 5:00 P.M. ET. The company will also webcast the call live and provide a replay. International callers can access the conference call and rebroadcast. The Hackett Group encourages participation and provides contact information for additional details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
conferences earnings
-
News

The Hackett Group: New FAO Service Provider Research Finds Wealth of Mature, Well-Established Solutions

Rhea-AI Summary
The Hackett Group, Inc. (NASDAQ: HCKT) conducted a Value Matrix analysis of 15 finance and accounting outsourcing (FAO) service providers, finding mature and well-established providers delivering value realization and capabilities. Digital-ready contracts are recommended for innovation and value creation, moving beyond cost optimization. 53% of customer respondents listed cost reduction as their original objective for the current BPO contract, with 28% focused on transformation capability. Seven service providers achieved 'Digital World Class' status, enabling companies to achieve dramatically higher value creation than typical companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
none
-
News

The Hackett Group Launches Ai XPLR: A Pioneering Gen AI Readiness and Opportunity Assessment

Rhea-AI Summary
The Hackett Group, Inc. (NASDAQ: HCKT) launches Ai XPLR™, a readiness and opportunity assessment leveraging proprietary benchmark database to identify AI opportunities across finance, procurement, HR, and GBS. Ai XPLR allows a 30-day process-level assessment, with over 200 actionable use cases and potential 40% SG&A cost reduction in the next 5-7 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
AI
News

The Hackett Group Announces Third Quarter 2023 Results

Rhea-AI Summary
HCKT: The Hackett Group, Inc. Announces Strong Q3 2023 Financial Results, Exceeding Guidance and Launching New Platform and Offering
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.27%
Tags
earnings
-
News

The Hackett Group: U.S. Companies See Worsening Performance Of Payables, Collections and Inventory in Q2 2023

Rhea-AI Summary
The largest U.S. companies experienced a degradation in their ability to manage working capital in the first half of 2023, according to research from The Hackett Group. Inventory performance deteriorated by 7.1%, while payables outstanding declined by 2% and sales outstanding showed marginal degradation of 1%. Overall cash conversion cycle deteriorated by 15.4%. Liquidity metrics stabilized after hitting record highs in Q2 2022. Operating cash flow increased by 12.1%, while EBITDA margin and net income margin declined by 8.7% and 12.6% respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
earnings
-
News

The Hackett Group, Inc. invites you to participate in the 2023 Third Quarter Earnings Conference Call on Tuesday, November 7, 2023

Rhea-AI Summary
Alvotech appoints Faysal Kalmoua as Chief Operating Officer and Hafrun Fridriksdottir steps down following resubmission of Biologics License Application for AVT02
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
conferences earnings
News

Hackett: Digital World Class Technology Organizations Deliver More Value, Greater Resilience While Spending 18% Less Than Peers

Rhea-AI Summary
Digital World Class technology organizations deliver greater value, spend less, and operate with fewer staff, according to research from The Hackett Group. Digital World Class organizations spend 18% less and operate with 27% fewer staff compared to their peers. They have seen a 16% cost increase in technology operating costs, while typical companies have seen a 23% increase over the past 10 years. Overall, their reduced IT costs generate a $37 million annual advantage for a typical $10 billion company. They also spend 45% less on IT outsourcing and further reduce labor costs. Companies with Digital World Class status see improved overall enterprise performance, including higher net margin, earnings before interest, taxes, depreciation and amortization margin, return on equity, and total shareholder return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
-
News

The Hackett Group Announces 2023 Digital Award Winners

Rhea-AI Summary
The Hackett Group announces the winners of its 10th Annual Digital Awards, recognizing companies for their cutting-edge digital transformation achievements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
none
-
News

Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact

Rhea-AI Summary
HR operating costs increased significantly in 2023 due to wage inflation and high turnover rates, according to The Hackett Group's research. Digital World Class HR organizations spend 33% less than peers, with a $18 million advantage for the average $10 billion company. Companies operating at Digital World Class levels see a five-year average performance premium, including an 80% improvement in net margin. Digital World Class organizations provide benefits such as elevated stature, greater focus on business enablement, and increased use of technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
none
News

Hackett: Generative AI Will Drive Profound Reductions In SG&A Cost and Staffing -- Up to 40% Over the Next Five to Seven Years

Rhea-AI Summary
Generative AI technologies have the potential to reduce SG&A costs by up to 40% over the next five to seven years, according to research from The Hackett Group. For a $10 billion company, this could mean annual savings of over $180 million. The Hackett Group has also launched two new solutions offerings to help clients understand and implement Generative AI. Without Generative AI, companies may only see incremental reductions in cost and staffing from other intelligent automation technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
AI

FAQ

What is the current stock price of Hackett Group (The). (HCKT)?

The current stock price of Hackett Group (The). (HCKT) is $30.96 as of November 22, 2024.

What is the market cap of Hackett Group (The). (HCKT)?

The market cap of Hackett Group (The). (HCKT) is approximately 847.9M.

What services does The Hackett Group Inc offer?

The Hackett Group Inc provides digital transformation, business transformation, enterprise analytics, working capital management, and global business services.

What is the primary focus of The Hackett Group Inc?

The primary focus of The Hackett Group Inc is on enterprise benchmarking, best practices, and digital transformation for global companies.

Which market segments does The Hackett Group Inc operate in?

The Hackett Group Inc operates in Oracle Solutions, SAP Solutions, and Global Strategy & Business Transformation (S&BT) segments.

What is the Best Practice Intelligence Center™?

The Best Practice Intelligence Center™ is a repository of benchmarking metrics and best practices derived from over 15,000 studies conducted by The Hackett Group Inc.

Who are some of the major clients of The Hackett Group Inc?

Major clients include 97% of the Dow Jones Industrials, 89% of the Fortune 100, 87% of the DAX 30, and 59% of the FTSE 100.

What is Generative Artificial Intelligence (Gen AI) strategy?

Generative Artificial Intelligence (Gen AI) strategy involves using AI technologies to create new data and models that help improve business operations and decision-making processes.

What are the core business areas of The Hackett Group Inc?

Core business areas include strategic consulting, digital transformation, enterprise analytics, business strategy, operations, finance, human capital management, strategic sourcing, procurement, and IT services.

How does The Hackett Group Inc generate most of its revenue?

The majority of The Hackett Group Inc's revenue is generated from the Global Strategy & Business Transformation (S&BT) segment.

What recognition has The Hackett Group Inc received for its services?

The Hackett Group Inc is recognized for its award-winning Oracle and SAP practices.

Where does The Hackett Group Inc primarily operate?

The Hackett Group Inc primarily operates in the United States, although it serves global clients.

Stock HCKT logo
Hackett Group Inc (The).

Nasdaq:HCKT

HCKT Rankings

#2696 Ranked by Market Cap
#2158 Ranked by Dividends

HCKT Stock Data

847.95M
24.73M
10.36%
84.19%
0.69%
Information Technology Services
Services-management Consulting Services
Link
United States of America
MIAMI