Hackett Group Inc (The). - HCKT STOCK NEWS

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.

The Hackett Group (NASDAQ: HCKT) has released its 2021 IT Key Issues Research, highlighting significant shifts in the technology landscape prompted by the pandemic. Key findings indicate a need for IT to transition from administrative roles to strategic partners in digital transformation. Organizations anticipate a 25% increase in cloud-based applications to enhance resiliency. However, IT faces challenges with a 6.8% rise in workload against stagnant budgets, and a crucial focus on securing data systems. The study surveyed nearly 300 executives across various sectors, emphasizing the importance of aligning skills with changing business needs.

The Hackett Group's latest research reveals a significant shift in HR priorities, with becoming a strategic advisor now the top focus, up from ninth place last year. This change is driven by the pandemic and social justice discussions. Key issues highlighted include enhancing business strategy alignment, workforce diversity, and improving analytics capabilities. The survey, involving over 300 executives, indicates 41% expect stabilization in business conditions by Q2 2021, while 36% anticipate longer recovery. The emphasis on digital transformation is also noted, with an expected 20% growth in cloud-based HR tools.

According to The Hackett Group's new research, the global pandemic has pushed procurement teams to prioritize cost reduction, supplier relationships, and digital transformation initiatives in 2021. Key findings indicate that while 41% anticipate stabilization by Q2, supply chain risk reduction and corporate sustainability have gained prominence. The research highlights an increased focus on data-driven analytics and the adoption of cloud-based systems, with significant investment expected. Press release reveals insights from over 300 executives and emphasizes the strategic role of procurement in navigating business disruptions.