Hackett Group

The Hackett Group, Inc. engages in the provision of business and technology consulting services. The firm's services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.

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Hackett Group surpasses Q4 expectations, eyes growth through digital investments

Hackett Group's Q4 performance exceeded expectations despite challenges in the Oracle segment. Strategic investments in digital platforms and disciplined financial actions position the company for growth. Market outlook emphasizes digital transformation and recurring revenue opportunities.

Hackett Group meets Q1 expectations, eyes growth in digital services

Hackett Group met Q1 expectations, with strong growth prospects in SBT and rebound expected in Oracle Solutions.
Strategic investments in higher-margin recurring revenues and digital transformation to drive future growth.
Challenges include short-term declines in segments and balancing growth investments with profitability.
Opportunities lie in revenue growth projections, AI investments, and market expansion strategies.

Hackett Group reports solid Q2 earnings, eyes growth opportunities

Hackett Group's Q2 performance was strong, driven by revenue growth and strategic initiatives. While facing challenges in certain segments, the company is well-positioned to leverage opportunities in market intelligence and digital transformation. Continued investments in growth areas and a focus on client engagement are key strategies for future success.

Hackett Group surpasses Q3 revenue targets, eyes strategic growth opportunities

Hackett Group's Q3 2023 performance exceeded expectations, driven by strong Oracle Solutions and Global SPT segments.
Challenges include declines in SAP Solutions and market uncertainties impacting decision-making processes.
Strategic investments in IP-based programs, cash flow management, and market intelligence reports are key strengths.
Opportunities for growth lie in GenAI capabilities, potential acquisitions, and expanding high-margin IP services.

Hackett Group surpasses Q4 revenue targets, eyes growth in AI

Hackett Group's Q4 2023 performance exceeded expectations, driven by strong results in the Oracle Solutions segment. While facing challenges in the SAP Solutions segment, the company remains focused on utilizing cash flow strategically for growth.
The company's emphasis on Gen AI initiatives, market intelligence, and innovative platforms like AI Explorer positions it well for future growth in digital transformation. By investing in IP-based programs and strategic partnerships, Hackett Group aims to expand its market presence and drive value creation.
Overall, Hackett Group's proactive approach to financial management, coupled with its focus on growth opportunities, indicates a promising outlook for sustained performance and shareholder value creation. The company's strategic direction aligns with industry trends and positions it for success in the evolving digital landscape.

Hackett Group beats revenue targets, focuses on AI innovation

Hackett Group delivered strong Q1 2024 results, surpassing revenue expectations driven by Oracle and SAP segments, while facing challenges in the Global S&BT segment due to economic factors.
The company's strategic investments in AI capabilities and the upcoming launch of the Hackett AI platform signal a focus on innovation and market differentiation.
Opportunities in Gen AI solutions and continued growth in Oracle and SAP segments position Hackett Group for future success, requiring proactive management of challenges to sustain growth.
Share repurchases, debt reduction, and dividend declaration underscore the company's commitment to enhancing shareholder value and financial stability amidst market uncertainties.

Hackett Group beats Q3 revenue estimates, GenAI drives growth

Hackett Group exceeded Q3 revenue expectations driven by strong Oracle and SAP performance.
Strategic focus on GenAI initiatives and market intelligence expansion positions the company for growth.
Challenges in eProcurement segment and market volatility highlight areas for cautious optimism.

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The Hackett Group, Inc. engages in the provision of dedicated expertise in generative artificial intelligence strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology. It operates through the following segments: Global Strategy & Business Transformation (S and BT), Oracle Solutions, and SAP Solutions. The Global S and BT segment includes the results of the company’s strategic business consulting practices. The Oracle Solutions segment is involved in oracle enterprise performance management, enterprise resource planning, and application maintenance and support practices. The SAP Solutions segment focuses on the SAP applications and related SAP service offerings. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.

The Hackett Group, Inc. (NASDAQ:HCKT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants Jeff Martin - Roth MKM Operator Welcome to The Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

The Hackett Group, Inc. (HCKT) Q3 2023 Earnings Call Transcript

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 29, 2023. Financial Highlights Total revenue in the third quarter of 2023 was $75.9 million and revenue before reimbursements was $74.6 million, which was above the high end of our guidance. This compare.

The Hackett Group Announces Third Quarter 2023 Results

MIAMI--(BUSINESS WIRE)--The largest U.S. companies saw their ability to extend payments to suppliers, collect from customers and manage inventory degrade in the first half of 2023, according to new working capital research from The Hackett Group, Inc. (NASDAQ: HCKT). The research provides further evidence of the trend that has been emerging over the past year – that buyers have lost leverage with suppliers and can no longer simply delay payments to improve their own balance sheet. Rising invent.

The Hackett Group: U.S. Companies See Worsening Performance Of Payables, Collections and Inventory in Q2 2023

Hackett's revenue has grown at a CAGR of 4%, owing to positive industry tailwinds being partially offset by high competition. The company has achieved an impressive improvement in margins, owing to a repositioning strategy to focus on recurring revenue / high-margin services. We believe margin improvement is sustainable, although it is not clear if revenue growth will improve, given that economic weakness is weighing on the company.

The Hackett Group: Recurring Revenue And High Margins, Valuation Implying Upside

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2023 Third Quarter Earnings Conference Call on Tuesday, November 7, 2023.

The Hackett Group, Inc. invites you to participate in the 2023 Third Quarter Earnings Conference Call on Tuesday, November 7, 2023

MIAMI--(BUSINESS WIRE)--Digital World Class® technology organizations deliver far greater value than their peers and are more resilient and better able to navigate uncertainty, while also spending 18% less and operating with 27% fewer staff, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). The Hackett Group® found that while typical companies have seen technology operating costs as a percentage of end-user equivalent increase by 23% over the past 10 years, Digital World Cl.

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

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 10th Annual Digital Awards, which spotlight companies that are on the cutting edge of creating competitive advantage and delivering measurable benefits at scale using digital transformation solutions. These leaders often combine intelligent automation, advanced analytics and artificial intelligence (AI) to hyper-automate end-to-end business processes. The 2023 Digital Award winners and their win ca.

The Hackett Group Announces 2023 Digital Award Winners

MIAMI--(BUSINESS WIRE)--Human resources (HR) operating costs increased significantly in 2023, with key contributors being wage inflation and high turnover rates, according to new Digital World Class® HR research from The Hackett Group, Inc. (NASDAQ: HCKT). Our elite HR performers – Digital World Class – continue to spend significantly less than their peers, while operating with fewer HR staff and delivering far more resiliency, employee productivity, greater business value, and improved operati.

Hackett: 2023 Brings Increasing Cost for HR But Greater Business Impact

MIAMI--(BUSINESS WIRE)--Generative artificial intelligence (AI) technologies will have a profound potential impact on selling, general and administrative (SG&A) costs and staffing, enabling reductions of up to 40% over the next five to seven years, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). The detailed analysis of current SG&A costs engaged proprietary performance benchmarks from The Hackett Group® to quantify for the first time the potential impact Generati.

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

The Hackett Group, Inc. provides strategic advisory and technology consulting services to enterprises worldwide. The company is experiencing slower revenue growth, and clients may delay discretionary spending due to macroeconomic uncertainty and rising interest rates. The Hackett Group appears to be fully valued, so I remain Neutral [Hold].

The Hackett Group Appears Fully Valued Here

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the availability of its purchase-to-pay (P2P) software solutions market intelligence research. The Hackett Value Matrix™ analyzes 10 leading P2P solutions providers in terms of their ability to deliver value, breadth of capability, solution maturity and actionable insight. Today's P2P solutions are a fundamental building block to enabling digital transformation for world-class organizations. These solutions transform.

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

The Hackett Group, Inc. (NASDAQ:HCKT ) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Second Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

The Hackett Group, Inc. (HCKT) Q2 2023 Earnings Call Transcript

Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago.

Hackett Group (HCKT) Q2 Earnings and Revenues Surpass Estimates

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 30, 2023. Financial Highlights Total revenue in the second quarter of 2023 was $77.1 million and revenue before reimbursements was $75.6 million, which was above the high end of our guidance. This compares to.

The Hackett Group Announces Second Quarter 2023 Results

MIAMI--(BUSINESS WIRE)--Procurement operating costs at typical companies increased for the first time in more than a decade this year, in response to unprecedented uncertainty, including supply disruptions, inflationary pressures, and environmental, social, and governance initiatives, according to new Digital World Class® research from The Hackett Group, Inc. (NASDAQ: HCKT). Despite increases in year-on-year operating costs, Digital World Class procurement organizations excel at cost optimizati.

Hackett: Procurement Operating Costs Increase For the First Time in a Decade

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2023 Second Quarter Earnings Conference Call on Tuesday, August 8, 2023.

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

MIAMI--(BUSINESS WIRE)--For the first time in decades, most finance organizations experienced a significant increase in operating costs in 2023, driven by inflationary pressures, geopolitical unrest and other uncertainty factors, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT). During this same period, Digital World Class® finance organizations were highly resilient and managed to reduce costs to nearly half that of their peers while delivering dramatic improvements in val.

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

The Hackett Group, Inc. reported its Q1 2023 financial results on May 9, 2023. The firm provides a range of consulting and related services to companies worldwide. The Hackett Group is increasing its IP services investments as a lever to upsell its consulting service offerings.

The Hackett Group Ups IP Investment As On-Ramp To Consulting Business

The Hackett Group, Inc. (NASDAQ:HCKT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants George Sutton - Craig Hallum Jeff Martin - Roth MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

The Hackett Group, Inc. (HCKT) Q1 2023 Earnings Call Transcript

Hackett Group (HCKT) came out with quarterly earnings of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago.

Hackett Group (HCKT) Matches Q1 Earnings Estimates

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, research advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 31, 2023. Financial Highlights Total revenue in the first quarter of 2023 was $71.2 million and revenue before reimbursements was $69.8 million, which was in line with our guidance. This compares to total rev.

The Hackett Group Announces First Quarter 2023 Results

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MIAMI & LONDON--(BUSINESS WIRE)--One-size-fits-all hybrid work policies are more likely than other options to have a negative impact on employee engagement, retention and the amount of work done each day, according to new hybrid work research from The Hackett Group, Inc. (NASDAQ: HCKT). At the same time, giving employees greater choice drives improvements in all these areas, the research found. The research also found that working virtually does not prevent most employees from effectively colla.

Hackett Research: One-Size-Fits-All Hybrid Work Policies More Likely to Hurt Employee Performance, Engagement, Retention

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced that it will release financial results for the first quarter ended March 31, 2023 on Tuesday, May 9, 2023 after the close of regular market hours. Following the release, the senior management will discuss first quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: First Quarter]. For International callers, please dial (517) 308-9371.

The Hackett Group, Inc. Invites You to Participate in the 2023 First Quarter Earnings Conference Call on Tuesday, May 9, 2023

Gartner

Investors interested in Consulting Services stocks are likely familiar with Hackett Group (HCKT) and Gartner (IT). But which of these two companies is the best option for those looking for undervalued stocks?

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