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Hackett Group Inc - HCKT STOCK NEWS

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

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

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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.
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The Hackett Group Announces 2023 Digital Award Winners

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The Hackett Group announces the winners of its 10th Annual Digital Awards, recognizing companies for their cutting-edge digital transformation achievements.
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Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact

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

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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.
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The Hackett Value Matrix Quantifies the Value Realized From Purchase-to-Pay (P2P) Software Solutions Providers

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New Market Intelligence Research Finds That Top-Performing P2P Solutions Providers Deliver Companies Dramatically Higher Value Creation
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The Hackett Group Announces Second Quarter 2023 Results

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The Hackett Group, Inc. reports solid operating results for Q2 2023, with total revenue of $77.1 million and adjusted diluted earnings per share of $0.39. The company's cash balances were $15.8 million as of June 30, 2023, with a remaining share repurchase program authorization of $13.9 million. The board of directors declared a dividend of $0.11 per share for Q3 2023.
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Hackett: Procurement Operating Costs Increase For the First Time in a Decade

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The Hackett Group, Inc. Invites You to Participate in the 2023 Second Quarter Earnings Conference Call on Tuesday, August 8, 2023

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Hackett Research: Inflation, Geopolitical Unrest, Other Factors Drive Up Operational Costs of Finance for the First Time in Decades

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Hackett: Largest U.S. Cos Hit a Ceiling on Delaying Supplier Payments; Payables Challenges Drive Worsening of Working Capital Performance

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FAQ

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

The current stock price of Hackett Group (HCKT) is $30.38 as of February 28, 2025.

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

The market cap of Hackett Group (HCKT) is approximately 835.8M.

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.
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Hackett Group Inc

Nasdaq:HCKT

HCKT Rankings

#1754 Ranked by Market Cap
#1586 Ranked by Dividends

HCKT Stock Data

835.81M
24.70M
10.36%
83.44%
0.86%
Information Technology Services
Services-management Consulting Services
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United States
MIAMI