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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 identified that HR leaders are struggling with increased workloads and declining budgets in its latest research for 2022. The study indicates that while HR's workload is expected to rise by over 9%, budgets may decline by 0.2%, and headcount will only increase by 0.4%. This creates an 8.9% productivity gap. To address these issues, HR technology spending is forecasted to increase by more than 9%. HR executives face challenges in talent retention and recruitment, affecting their ability to act as strategic advisors while managing day-to-day operations.
The Hackett Group, Inc. (NASDAQ: HCKT) reported strong Q1 2022 financial results, revealing a 19% revenue increase to $75.7 million, exceeding guidance. GAAP diluted EPS rose 74% to $0.33, while adjusted EPS increased 41% to $0.38. The company repurchased 157,000 shares for $3.1 million, with $10.6 million remaining in its buyback program. A quarterly dividend of $0.11 per share was declared. For Q2 2022, the revenue guidance is set between $71 million and $73 million, with adjusted EPS expected between $0.33 and $0.35.
The Hackett Group (NASDAQ: HCKT) recently released its 2022 Procurement Key Issues research, highlighting that supply assurance is now the top priority for procurement leaders, reflecting ongoing supply chain disruptions. Sustainability has also risen significantly in importance, now ranked fourth among procurement priorities. The report emphasizes the need for digital transformation and improved operational efficiency amidst challenges such as inflation and talent shortages. The findings are based on insights from over 250 procurement executives.
The Hackett Group reveals that digital transformation is the top priority for finance in 2022, amid challenges in meeting business expectations. Research indicates a 5% anticipated increase in workload while budgets and headcounts decline. Inflation is a major concern, with 31% of finance executives deeming it a significant risk. Key findings highlight critical areas such as enhancing analytical capabilities, addressing talent gaps due to the 'Great Resignation', and strengthening business partnerships. The study is based on insights from over 250 finance executives worldwide.
The Hackett Group, Inc. (NASDAQ: HCKT) will announce its financial results for Q1 2022 on May 10, 2022, post-market hours. Senior management will host a conference call at 5:00 P.M. ET on the same day to discuss these results. Interested participants can dial in at (800) 593-0486 or join via webcast at www.thehackettgroup.com. A rebroadcast will be available from 8:00 P.M. ET on May 10 until 5:00 P.M. ET on May 24, 2022.
The Hackett Group, Inc. (NASDAQ: HCKT) reported impressive Q4 2021 results with net revenue of $69.8 million, an 18% increase year-over-year, surpassing guidance. GAAP EPS was $0.50, boosted by a $0.23 tax benefit per share from SARs exercise. Pro forma EPS rose to $0.33, a 43% year-over-year increase. The Board authorized a 10% annual dividend increase, declaring $0.11 per share for Q1 2022. The company ended the quarter with $45.8 million in cash and no debt, and plans Q1 2022 revenue between $70.0 million and $72.0 million.
The Hackett Group (NASDAQ: HCKT) will release its financial results for the fourth quarter ended December 31, 2021, on February 22, 2022, after market close. A conference call is scheduled for 5:00 P.M. ET on the same day to discuss the results. Participants are encouraged to dial in 5-10 minutes early. A rebroadcast will be available from 8:00 P.M. ET on February 22 through March 8, 2022. The call can also be streamed live via the Hackett Group's website.
The Hackett Group (NASDAQ: HCKT) reported Q3 2021 net revenue of $71.4 million, surpassing guidance by 24% compared to the prior year. GAAP diluted EPS was $0.25, while pro forma EPS reached $0.32. The company maintained a healthy cash balance of $52.9 million with no debt, and repurchased 121,000 shares at an average price of $18.74. A quarterly dividend of $0.10 per share was announced, payable December 30, 2021. Projections for Q4 2021 net revenue are expected between $64.5 million and $66.5 million.
The Hackett Group, Inc. (NASDAQ: HCKT) will release its third-quarter financial results for the period ended October 1, 2021, on November 9, 2021, after market hours. A conference call to discuss the results is scheduled for 5:00 PM ET on the same day.
Participants should call (800) 593-0486 (International: (517) 308-9371) and log in 5-10 minutes early. A rebroadcast will be available from 8:00 PM ET on November 9 through November 23, 2021. The company will also provide a live webcast of the call on its website.
The Hackett Group (NASDAQ: HCKT) has launched new Digital World Class Standards, promising to enhance IT performance through digital transformation. The research reveals that organizations adopting these standards can achieve 19% lower costs, 3x more projects with targeted ROI, and significant improvements in agility and customer experience. Digital World Class IT organizations operate with 26% fewer staff and see 33% lower labor costs. The full report detailing over 30 metrics is available for free with registration.
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