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Hackett Group Inc (The). - $HCKT STOCK NEWS

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The Hackett Group, Inc. (NASDAQ: HCKT) announced its first-quarter 2024 financial results, with total revenue of $77.2 million, exceeding guidance, and GAAP diluted earnings per share of $0.32. Adjusted diluted earnings per share stood at $0.39, surpassing the prior year's figures. Cash flow from operations was $2.8 million, and the company repurchased $4.8 million worth of shares. The Board declared a dividend of $0.11 per share. Future estimates for the second quarter include revenue between $73.5 million to $75.0 million and adjusted diluted earnings per share of $0.36 to $0.39. The company continues to focus on AI consulting and Executive Advisory offerings.

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The Hackett Group, Inc. (HCKT) will release financial results for the first quarter of 2024 on May 7, 2024, followed by a conference call. International callers can join the call at (517) 308-9371. A rebroadcast will be available until May 21, 2024. The conference call will also be webcasted live on their website.
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The Hackett Group, Inc. (NASDAQ: HCKT) highlights the importance of generative AI and technology in improving HR efficiency and effectiveness. The research identifies developing effective leaders and maintaining a high-performing organizational culture as top priorities for HR in 2024. HR workload volume is expected to rise by 7%, with a focus on cost reduction. Technology spending is set to increase by 4% to bridge efficiency gaps. Generative AI adoption is growing, with potential for significant cost and staff reductions. HR organizations are urged to align workforce planning with business strategy and enhance employee experiences.
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The press release regarding HCKT has been removed by the news provider.
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New research by The Hackett Group, Inc. (NASDAQ: HCKT) highlights the value of cloud-based enterprise performance management (EPM) software, emphasizing AI integration for productivity gains. The study ranks top EPM providers and showcases the benefits of Digital World Class status, including improved forecast accuracy, cost advantages, and high customer satisfaction.
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The Hackett Group, Inc. (HCKT) reported financial results for Q4 2023, with total revenue of $72.4 million and adjusted diluted earnings per share of $0.39, exceeding guidance. The company's cash flow from operations was $25.6 million, with $21.0 million in cash balances. The Board declared a dividend of $0.11 per share for Q1 2024. The outlook for Q1 2024 includes total revenue between $72.5 million to $74.0 million and adjusted diluted earnings per share between $0.36 and $0.39.
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Procurement executives prioritize improving spend cost reduction with the help of Gen AI to address efficiency gaps and enhance effectiveness. The Hackett Group's research highlights key concerns and priorities for 2024, including supply continuity, combating inflation, strategic advising, and transforming the procurement operating model.
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The Hackett Group, Inc. (NASDAQ: HCKT) conducted a Digital World Class Matrix™ analysis on 18 C2C receivables creation software providers, highlighting leaders' exceptional value and customer satisfaction. The research emphasized the importance of credit management, order management, and customer billing processes, showcasing the benefits of automation and cost savings. Various software providers were recognized for their excellence in different areas, with Esker and HighRadius standing out in multiple categories.
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Finance leaders are prioritizing cost containment and cash flow optimization in 2024 due to economic uncertainties. The Hackett Group's research highlights the focus on digital transformation, AI, and Gen AI to enhance efficiency and productivity. Despite challenges in labor and talent, finance executives are confident in achieving objectives like profitability goals and digital transformation.
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The Hackett Group, Inc. (HCKT) will release financial results for the fourth quarter ended December 29, 2023, on February 20, 2024. The senior management will discuss the results in a conference call at 5:00 P.M. ET. The company will also webcast the call live and provide a replay. International callers can access the conference call and rebroadcast. The Hackett Group encourages participation and provides contact information for additional details.
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Hackett Group Inc (The).

Nasdaq:HCKT

HCKT Rankings

HCKT Stock Data

594.74M
23.21M
10.37%
82.38%
0.68%
Data Processing, Hosting, and Related Services
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United States of America
MIAMI

About HCKT

the hackett group (nasdaq: hckt) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. services include business transformation, enterprise analytics, working capital management and global business services. the hackett group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning oracle and sap practices. the hackett group has completed more than 15,000 benchmarking studies with major corporations and government agencies, including 97% of the dow jones industrials, 89% of the fortune 100, 87% of the dax 30 and 59% of the ftse 100. these studies drive its best practice intelligence center™ which includes the firm's benchmarking metri