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The Hackett Group, Inc. (NASDAQ: HCKT) launches Ai XPLR™, a readiness and opportunity assessment leveraging proprietary benchmark database to identify AI opportunities across finance, procurement, HR, and GBS. Ai XPLR allows a 30-day process-level assessment, with over 200 actionable use cases and potential 40% SG&A cost reduction in the next 5-7 years.
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End-of-Day
-0.09%
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HCKT: The Hackett Group, Inc. Announces Strong Q3 2023 Financial Results, Exceeding Guidance and Launching New Platform and Offering
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End-of-Day
-8.27%
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The largest U.S. companies experienced a degradation in their ability to manage working capital in the first half of 2023, according to research from The Hackett Group. Inventory performance deteriorated by 7.1%, while payables outstanding declined by 2% and sales outstanding showed marginal degradation of 1%. Overall cash conversion cycle deteriorated by 15.4%. Liquidity metrics stabilized after hitting record highs in Q2 2022. Operating cash flow increased by 12.1%, while EBITDA margin and net income margin declined by 8.7% and 12.6% respectively.
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End-of-Day
1.14%
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Alvotech appoints Faysal Kalmoua as Chief Operating Officer and Hafrun Fridriksdottir steps down following resubmission of Biologics License Application for AVT02
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-1.38%
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Digital World Class technology organizations deliver greater value, spend less, and operate with fewer staff, according to research from The Hackett Group. Digital World Class organizations spend 18% less and operate with 27% fewer staff compared to their peers. They have seen a 16% cost increase in technology operating costs, while typical companies have seen a 23% increase over the past 10 years. Overall, their reduced IT costs generate a $37 million annual advantage for a typical $10 billion company. They also spend 45% less on IT outsourcing and further reduce labor costs. Companies with Digital World Class status see improved overall enterprise performance, including higher net margin, earnings before interest, taxes, depreciation and amortization margin, return on equity, and total shareholder return.
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Rhea-AI Sentiment
End-of-Day
0.3%
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The Hackett Group announces the winners of its 10th Annual Digital Awards, recognizing companies for their cutting-edge digital transformation achievements.
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End-of-Day
-0.55%
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HR operating costs increased significantly in 2023 due to wage inflation and high turnover rates, according to The Hackett Group's research. Digital World Class HR organizations spend 33% less than peers, with a $18 million advantage for the average $10 billion company. Companies operating at Digital World Class levels see a five-year average performance premium, including an 80% improvement in net margin. Digital World Class organizations provide benefits such as elevated stature, greater focus on business enablement, and increased use of technology.
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Rhea-AI Sentiment
End-of-Day
1.65%
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Generative AI technologies have the potential to reduce SG&A costs by up to 40% over the next five to seven years, according to research from The Hackett Group. For a $10 billion company, this could mean annual savings of over $180 million. The Hackett Group has also launched two new solutions offerings to help clients understand and implement Generative AI. Without Generative AI, companies may only see incremental reductions in cost and staffing from other intelligent automation technologies.
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-1.69%
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New Market Intelligence Research Finds That Top-Performing P2P Solutions Providers Deliver Companies Dramatically Higher Value Creation
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0.35%
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The Hackett Group, Inc. reports solid operating results for Q2 2023, with total revenue of $77.1 million and adjusted diluted earnings per share of $0.39. The company's cash balances were $15.8 million as of June 30, 2023, with a remaining share repurchase program authorization of $13.9 million. The board of directors declared a dividend of $0.11 per share for Q3 2023.
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Rhea-AI Sentiment
End-of-Day
2.15%
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Hackett Group Inc (The).
Nasdaq:HCKT
HCKT Rankings
HCKT Stock Data
610.74M
23.21M
10.37%
82.38%
0.68%
Data Processing, Hosting, and Related Services
Information
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