Welcome to our dedicated page for Hackett Group news (Ticker: HCKT), a resource for investors and traders seeking the latest updates and insights on Hackett Group stock.
The Hackett Group, Inc. (NASDAQ: HCKT) is a Gen AI strategic consulting and executive advisory firm that regularly issues news on its generative AI platforms, research and corporate actions. This news page aggregates company announcements so readers can follow how The Hackett Group describes the evolution of its Gen AI strategy, digital transformation offerings and capital markets activity.
Recent releases highlight the launch and enhancement of AI-enabled platforms such as Hackett AI XPLR™ 5.0, ZBrain™, XT™, AIXelerator™ and AskHackett.ai™. These announcements describe capabilities for AI opportunity discovery, agentic orchestration, business transformation delivery and software implementation support, all powered by the company’s proprietary Solution Language Model (SLM) and Hackett Intelligence.
The Hackett Group also publishes Digital World Class® research and benchmarking insights, which feature prominently in its news flow. Examples include US and European SG&A Cost Studies and Scorecards, as well as Digital World Class® Matrix reports on accounts payable solutions and learning and development software. These releases summarize findings on SG&A cost trends, automation levels, AI adoption and productivity gains across large public companies and solution providers.
In addition, HCKT news items cover corporate and capital allocation decisions, such as modified “Dutch auction” tender offers to repurchase common stock under its share repurchase authorization. Related announcements outline preliminary and final tender offer results and reference associated SEC filings.
Investors, analysts and practitioners can use this page to review The Hackett Group’s own descriptions of its Gen AI platforms, advisory focus and research outputs. For an ongoing view of how the company communicates its strategy and market perspective, users may wish to return to this news feed as new press releases are issued.
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.
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.
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