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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) 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.
The Hackett Group has introduced new Digital World Class™ standards that aim to enhance HR performance through digital transformation. Their research indicates that Digital World Class HR organizations see a 33% reduction in operational costs, 72% fewer transactional errors, and are 40% more efficient in staffing. The study highlights six areas of excellence, emphasizing the importance of technology enablement and data analytics for achieving operational excellence. Companies can access this research for free to improve HR processes.
The Hackett Group has unveiled its new Digital World Class procurement standards that promise significant efficiency and effectiveness improvements. Key findings from the research include:
- 25% lower procurement costs compared to typical organizations.
- 2.5x higher procurement ROI.
- 33% fewer employees per billion dollars of revenue.
These advancements stem from leveraging digital technologies to enhance operational excellence. The full research is freely accessible online.
The Hackett Group announced its new Digital World Class™ finance standards, emphasizing the substantial benefits of digital transformation. The research reveals that finance organizations can achieve up to 43% lower costs and enhanced operational efficiency through technology. Key findings highlight that these organizations employ 47% fewer full-time equivalents per billion dollars of revenue and provide significantly better customer experiences. The research outlines six areas of excellence critical for achieving optimal performance, underscoring the importance of leveraging data analytics, cloud solutions, and talent development.
The Hackett Group, Inc. (NASDAQ: HCKT) reported second-quarter 2021 financial results, with net revenue of $73.0 million, marking a 39% year-over-year increase. Pro forma diluted earnings per share rose to $0.39, up from $0.06 in the same quarter last year. The company's cash balances stood at $52.5 million, with no debt. A quarterly dividend of $0.10 per share was declared, payable on October 8, 2021. The company anticipates third-quarter net revenue between $66.0 million and $68.0 million. CEO Ted A. Fernandez noted a strong demand for digital transformation solutions.
The Hackett Group, Inc. (NASDAQ: HCKT) will announce its financial results for Q2 2021 on August 10, 2021, after market close. Senior management will discuss these results during a conference call at 5:00 P.M. ET. Participants can join the call by dialing (800) 593-0486, or (517) 308-9371 for international callers. A rebroadcast will be available from 8:00 P.M. ET on the same day until August 24, 2021. Additionally, the call will be webcast live on the company's website. Further details can be found at www.thehackettgroup.com.
The Hackett Group, Inc. (NASDAQ: HCKT) reported its Q1 2021 financial results, showing a net revenue of $63.4 million, a 3% decrease year-over-year but a 7% increase sequentially. The diluted EPS stood at $0.19, up from $0.17 the prior year. Pro forma EPS reached $0.27, reflecting a 17% sequential increase. The company holds $51.1 million in cash and no debt, having repurchased $3.7 million in shares. A $20 million increase in the share repurchase program was approved, alongside a quarterly dividend of $0.10 per share. Q2 revenue estimates range from $64.5 million to $66.5 million.
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