Welcome to our dedicated page for Hackett Group (The). news (Ticker: HCKT), a resource for investors and traders seeking the latest updates and insights on Hackett Group (The). 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's latest research highlights that world-class finance organizations operate at 36% lower costs with 45% fewer employees and are 21% more agile. By pursuing digital transformation, these organizations could achieve 44% lower costs and 58% fewer staff over three years. The focus shifts towards operational efficiency, enabling revenue growth, and enhancing customer relationships. The research underscores the need for finance to invest in technology and workforce development to become more capable and agile in navigating future challenges.
The Hackett Group (NASDAQ: HCKT) announced a revised payment date for its quarterly dividend of 9.5 cents per share, now set for December 30, 2020, for shareholders of record as of December 18, 2020. The previous payment date was January 9, 2021. Hackett is a strategic consultancy focused on digital transformation, having conducted nearly 18,000 benchmarking studies and serving major corporations globally. This change in dividend payment reflects the company’s ongoing commitment to providing value to shareholders.
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.