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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.
The Hackett Group, Inc. (NASDAQ: HCKT) announced the completion of its modified Dutch auction tender offer, purchasing 4,889,315 shares of its common stock at $23.50 per share, totaling approximately $114.9 million. This represents about 15.4% of the company's outstanding shares. The offer, which expired on December 8, 2022, saw no proration as all properly tendered shares were accepted. The payment for these shares will be processed swiftly in accordance with the offer's terms.
The Hackett Group has announced the preliminary results of its modified Dutch auction tender offer to repurchase up to $120 million of its common stock. The offer, which expired on December 8, 2022, saw 4,889,815 shares tendered at a purchase price of $23.50 per share, totaling approximately $114.9 million. This represents 15.4% of Hackett's outstanding shares. The final count of shares purchased will be confirmed after the depositary completes its process.
The Hackett Group, Inc. (NASDAQ: HCKT) has launched a modified "Dutch auction" tender offer to repurchase up to
The Hackett Group (NASDAQ: HCKT) reported a total revenue of $72.0 million for Q3 2022, slightly up from $71.9 million in Q3 2021. GAAP diluted EPS rose to $0.32 from $0.25 year-over-year, while adjusted diluted EPS increased 19% to $0.37. The Board of Directors approved a $120.0 million increase to its share repurchase plan and announced a Q4 2022 revenue estimate of $66.0 million to $68.0 million. The company reorganized its reporting structure into three segments and declared a dividend of $0.11 per share for Q4 2022.
The Hackett Group, Inc. (NASDAQ: HCKT) is set to release its financial results for Q3 2022 on November 8, 2022, after market hours. A conference call with senior management to discuss these results will occur at 5:00 PM ET on the same day. Participants can dial in at (800) 593-0486, with an international number of (517) 308-9371. If unable to join live, a rebroadcast will be available from 8:00 PM ET on November 8 to 5:00 PM ET on November 22, 2022. The call will also be webcasted live on the company’s website.
The Hackett Group (NASDAQ: HCKT) released a Cloud Services Study revealing that 70% of technology infrastructure will migrate to the cloud within two to three years. Participants reported a 12% reduction in technology costs post-migration, with top performers seeing 37% savings. Significant benefits include a 36% increase in developer innovation time and a 45% reduction in time to market. The study aims to quantify cloud migration benefits and is part of a five-year initiative. A complimentary overview is available for registration.
The Hackett Group (NASDAQ: HCKT) has launched a new Market Intelligence Service aimed at software and service providers. This service will evaluate providers' abilities to deliver business value and assist companies in achieving Digital World Class performance. Utilizing the Hackett Excelleration Matrix, the service will categorize providers into Integrators, Innovators, and Digital World Class Solutions, drawing insights from nearly 20,000 benchmark studies. Initial reports will focus on customer-to-cash processes, offering valuable information to corporate executives for purchasing decisions.
The Hackett Group, Inc. (NASDAQ: HCKT) announced its Q2 2022 financial results, reporting a 4% increase in total revenue to $75.9 million and a 2% rise in revenue before reimbursements to $74.8 million. Adjusted diluted EPS was $0.38, down slightly from $0.39 in Q2 2021. The company has $61.7 million in cash and no debt, and a $10.6 million share repurchase program remains. A quarterly dividend of $0.11 per share was declared, payable on October 7, 2022. Outlook for Q3 2022 projects revenue of $70.5 million to $72.5 million.