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. reports developments in Gen AI strategic consulting, digital transformation, and executive advisory services for enterprise support functions. Its updates often center on Hackett Process and Performance Intelligence, Digital World Class® benchmarks, AI World Class performance measures, and offerings that apply proprietary process data to finance, procurement, human resources, technology, and global business services.
Company news also covers quarterly results, partner and platform strategy, Oracle, SAP, OneStream and Coupa implementation work, and research products such as SolutionMap, TechMatch, Digital World Class® Matrix studies, Applied Intelligence, and AskHackett™. These releases frame the company's recurring role in enterprise transformation, software-vendor assessment, and AI-enabled operating-model design.
The Hackett Group (NASDAQ: HCKT) will release its financial results for the second quarter ended July 1, 2022 on August 9, 2022, after market close. Senior management will discuss the results in a 5:00 P.M. ET conference call. Participants should dial in 5-10 minutes early at (800) 593-0486 (International: (517) 308-9371), using the passcode 'Second Quarter'. A rebroadcast will be available from 8:00 P.M. ET on the same day until August 23, 2022. Access the webcast on the company’s website.
The Hackett Group recently released its 2022 Technology Key Issues research, highlighting a significant shift in technology resource allocation, with 7.5% increases expected in spending and 6% in staffing. While technology leaders are prepared for virtual work and as-a-service models, they face challenges in skill shortages, lacking confidence in data management and analytics capabilities. Digital transformation remains a top priority, with cloud hosting dominating. The research indicates a transformative year ahead as companies adapt to these new dynamics.
The Hackett Group identified that HR leaders are struggling with increased workloads and declining budgets in its latest research for 2022. The study indicates that while HR's workload is expected to rise by over 9%, budgets may decline by 0.2%, and headcount will only increase by 0.4%. This creates an 8.9% productivity gap. To address these issues, HR technology spending is forecasted to increase by more than 9%. HR executives face challenges in talent retention and recruitment, affecting their ability to act as strategic advisors while managing day-to-day operations.
The Hackett Group, Inc. (NASDAQ: HCKT) reported strong Q1 2022 financial results, revealing a 19% revenue increase to $75.7 million, exceeding guidance. GAAP diluted EPS rose 74% to $0.33, while adjusted EPS increased 41% to $0.38. The company repurchased 157,000 shares for $3.1 million, with $10.6 million remaining in its buyback program. A quarterly dividend of $0.11 per share was declared. For Q2 2022, the revenue guidance is set between $71 million and $73 million, with adjusted EPS expected between $0.33 and $0.35.
The Hackett Group (NASDAQ: HCKT) recently released its 2022 Procurement Key Issues research, highlighting that supply assurance is now the top priority for procurement leaders, reflecting ongoing supply chain disruptions. Sustainability has also risen significantly in importance, now ranked fourth among procurement priorities. The report emphasizes the need for digital transformation and improved operational efficiency amidst challenges such as inflation and talent shortages. The findings are based on insights from over 250 procurement executives.
The Hackett Group reveals that digital transformation is the top priority for finance in 2022, amid challenges in meeting business expectations. Research indicates a 5% anticipated increase in workload while budgets and headcounts decline. Inflation is a major concern, with 31% of finance executives deeming it a significant risk. Key findings highlight critical areas such as enhancing analytical capabilities, addressing talent gaps due to the 'Great Resignation', and strengthening business partnerships. The study is based on insights from over 250 finance executives worldwide.
The Hackett Group, Inc. (NASDAQ: HCKT) will announce its financial results for Q1 2022 on May 10, 2022, post-market hours. Senior management will host a conference call at 5:00 P.M. ET on the same day to discuss these results. Interested participants can dial in at (800) 593-0486 or join via webcast at www.thehackettgroup.com. A rebroadcast will be available from 8:00 P.M. ET on May 10 until 5:00 P.M. ET on May 24, 2022.
The Hackett Group, Inc. (NASDAQ: HCKT) reported impressive Q4 2021 results with net revenue of $69.8 million, an 18% increase year-over-year, surpassing guidance. GAAP EPS was $0.50, boosted by a $0.23 tax benefit per share from SARs exercise. Pro forma EPS rose to $0.33, a 43% year-over-year increase. The Board authorized a 10% annual dividend increase, declaring $0.11 per share for Q1 2022. The company ended the quarter with $45.8 million in cash and no debt, and plans Q1 2022 revenue between $70.0 million and $72.0 million.
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.