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 reported third quarter 2020 net revenue of $57.8 million, a 13% decline year-over-year, but a 10% sequential increase. GAAP diluted EPS for Q3 was $0.09, compared to $0.21 in the prior year. Pro forma diluted EPS decreased to $0.17 from $0.27. The board declared a quarterly dividend of 9.5 cents per share. The company ended Q3 with $43.2 million in cash and no debt, repurchasing 83 thousand shares at an average price of $12.57. Projected Q4 revenue is between $55.0 million and $58.0 million.
The Hackett Group, Inc. (NASDAQ: HCKT) will release its third-quarter financial results for the period ending September 25, 2020, on November 2, 2020, after market close. Following the announcement, management will host a conference call at 5:00 P.M. ET, with call-in details provided for participants. A rebroadcast will be available from 8:00 P.M. ET that same day until November 16, 2020. Investors can also access a live webcast on the company’s website about 10 minutes before the call starts. Additional information about the company is available on their website.