Hackett Group

The Hackett Group, Inc. engages in the provision of business and technology consulting services. The firm's services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.

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Earnings data Q4 2024

Hackett Group surpasses Q4 expectations, eyes growth through digital investments

Hackett Group's Q4 performance exceeded expectations despite challenges in the Oracle segment. Strategic investments in digital platforms and disciplined financial actions position the company for growth. Market outlook emphasizes digital transformation and recurring revenue opportunities.

Hackett Group meets Q1 expectations, eyes growth in digital services

Hackett Group met Q1 expectations, with strong growth prospects in SBT and rebound expected in Oracle Solutions.
Strategic investments in higher-margin recurring revenues and digital transformation to drive future growth.
Challenges include short-term declines in segments and balancing growth investments with profitability.
Opportunities lie in revenue growth projections, AI investments, and market expansion strategies.

Hackett Group reports solid Q2 earnings, eyes growth opportunities

Hackett Group's Q2 performance was strong, driven by revenue growth and strategic initiatives. While facing challenges in certain segments, the company is well-positioned to leverage opportunities in market intelligence and digital transformation. Continued investments in growth areas and a focus on client engagement are key strategies for future success.

Hackett Group surpasses Q3 revenue targets, eyes strategic growth opportunities

Hackett Group's Q3 2023 performance exceeded expectations, driven by strong Oracle Solutions and Global SPT segments.
Challenges include declines in SAP Solutions and market uncertainties impacting decision-making processes.
Strategic investments in IP-based programs, cash flow management, and market intelligence reports are key strengths.
Opportunities for growth lie in GenAI capabilities, potential acquisitions, and expanding high-margin IP services.

Hackett Group surpasses Q4 revenue targets, eyes growth in AI

Hackett Group's Q4 2023 performance exceeded expectations, driven by strong results in the Oracle Solutions segment. While facing challenges in the SAP Solutions segment, the company remains focused on utilizing cash flow strategically for growth.
The company's emphasis on Gen AI initiatives, market intelligence, and innovative platforms like AI Explorer positions it well for future growth in digital transformation. By investing in IP-based programs and strategic partnerships, Hackett Group aims to expand its market presence and drive value creation.
Overall, Hackett Group's proactive approach to financial management, coupled with its focus on growth opportunities, indicates a promising outlook for sustained performance and shareholder value creation. The company's strategic direction aligns with industry trends and positions it for success in the evolving digital landscape.

Hackett Group beats revenue targets, focuses on AI innovation

Hackett Group delivered strong Q1 2024 results, surpassing revenue expectations driven by Oracle and SAP segments, while facing challenges in the Global S&BT segment due to economic factors.
The company's strategic investments in AI capabilities and the upcoming launch of the Hackett AI platform signal a focus on innovation and market differentiation.
Opportunities in Gen AI solutions and continued growth in Oracle and SAP segments position Hackett Group for future success, requiring proactive management of challenges to sustain growth.
Share repurchases, debt reduction, and dividend declaration underscore the company's commitment to enhancing shareholder value and financial stability amidst market uncertainties.

Hackett Group beats Q3 revenue estimates, GenAI drives growth

Hackett Group exceeded Q3 revenue expectations driven by strong Oracle and SAP performance.
Strategic focus on GenAI initiatives and market intelligence expansion positions the company for growth.
Challenges in eProcurement segment and market volatility highlight areas for cautious optimism.

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The Hackett Group, Inc. engages in the provision of dedicated expertise in generative artificial intelligence strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology. It operates through the following segments: Global Strategy & Business Transformation (S and BT), Oracle Solutions, and SAP Solutions. The Global S and BT segment includes the results of the company’s strategic business consulting practices. The Oracle Solutions segment is involved in oracle enterprise performance management, enterprise resource planning, and application maintenance and support practices. The SAP Solutions segment focuses on the SAP applications and related SAP service offerings. The company was founded by Ted A. Fernandez and David N. Dungan in 1991 and is headquartered in Miami, FL.

Hackett Group reported Q3 2024 results, beating revenue and earnings estimates, but revenue growth remains modest and earnings stable. The digital transformation consulting market is projected to grow significantly, driven by cloud migration and generative AI technologies, presenting opportunities and challenges for Hackett. Hackett's financials show moderate revenue growth, stable earnings, and strong free cash flow, but increased expenses and competition pose challenges.

Hackett Group Rises On Gen AI Promise, But Results Don't Budge

MIAMI--(BUSINESS WIRE)--According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® human resources (HR) organizations have continued to establish their leadership through notable efficiency improvements and strategic investments in technology. These advancements have resulted in significantly lower labor costs, increased productivity and a robust foundation for the successful integration of generative artificial intelligence (Gen AI), projected to enhance HR eff.

Hackett: Digital World Class® HR Teams Double Technology Investment and Serve 65% More Employees per HR Staff

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy, will ring the Nasdaq Stock Market Opening Bell on Friday, November 15, 2024. The event celebrates the company's recent acquisition of Gen AI development firm LeewayHertz. This milestone marks a significant step in expanding The Hackett Group's AI capabilities, resulting in a comprehensive end-to-end AI solution for clients – from ideation through implementation. The transaction combined The H.

The Hackett Group to Ring NASDAQ Opening Bell Celebrating Acquisition of Gen AI Development Company LeewayHertz

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) reports that European companies have encountered critical challenges in managing their working capital in 2024. The latest European Working Capital Survey reveals a €1.3 trillion opportunity in untapped working capital, accentuating the urgency for companies to optimize their working capital management amid ongoing economic uncertainties. The European Union's economy demonstrated resilience initially, but ongoing geopolitical tensio.

Hackett: €1.3 Trillion in Untapped Working Capital Opportunity for European Companies

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human capital management research firm – for the development and execution of bp's employee learning certification program. The award honors certification programs designed to support competency and/or skill development within an organization, and improve employee retention and promotion rates. “We are delighted to be able to celebrate this award.

The Hackett Group Announces Joint Employee Learning Award

The Hackett Group, Inc. (NASDAQ:HCKT ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Rob Ramirez - CFO Ted Fernandez - Chairman, CFO Conference Call Participants George Sutton - Craig Hallum Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session.

The Hackett Group, Inc. (HCKT) Q3 2024 Earnings Conference Call Transcript

Hackett Group (HCKT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.41 per share a year ago.

Hackett Group (HCKT) Surpasses Q3 Earnings and Revenue Estimates

MIAMI--(BUSINESS WIRE)--The Hackett Group Announces Third Quarter 2024 Results.

The Hackett Group Announces Third Quarter 2024 Results

MIAMI--(BUSINESS WIRE)--Generative artificial intelligence (Gen AI) is reshaping the finance landscape, disrupting traditional operations and pushing the boundaries of what's possible. As finance organizations face increasing pressure to increase innovation and cut costs, Digital World Class® organizations are uniquely positioned to leverage Gen AI to foresee the future and uncover new opportunities for faster transformation. The latest research from The Hackett Group, Inc. (NASDAQ: HCKT) revea.

Long-Term Tech Investments Position Top Finance Organizations to Extract Maximum Value From AI, Extending Market Advantage

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2024 Third Quarter Earnings Conference Call on Monday, November 4, 2024.

The Hackett Group, Inc. Invites You to Participate in the 2024 Third Quarter Earnings Conference Call on Monday, November 4, 2024

LONDON--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) is proud to announce the launch of its highly anticipated AI XPLR™ 2.0 platform at its Gen AI Breakthrough Conferences in London (October 9-10) and Atlanta (October 13). This next-generation AI platform introduces a groundbreaking set of features designed to transform how businesses harness Gen AI for breakthrough impact. AI XPLR 2.0 represents a major leap forward in Gen AI innovation, bringing new tools and capabilities to help e.

Hackett Unveils Game-Changing AI XPLR 2.0 Platform at Gen AI Breakthrough Conferences

MIAMI--(BUSINESS WIRE)--According to new research from The Hackett Group, Inc. (NASDAQ: HCKT), Digital World Class® procurement organizations can expect staff productivity to increase by 54% and process costs to be cut by 47% with the adoption of generative artificial intelligence (Gen AI). Procurement operating costs for typical companies have continued to escalate in the face of ongoing supply disruptions, inflation and new compliance requirements. However, due to their consistent focus on pr.

Long-Term Investment in Procurement Technology Lays the Foundation for Gen AI Adoption

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) today announced the winners of its 11th Annual Digital Awards, which spotlight companies on the cutting edge of digital transformation. These companies have successfully hyper-automated a wide range of end-to-end business processes through their creative application of intelligent automation, advanced analytics and artificial intelligence (AI). The 2024 Digital Award winners and their win categories are: 3M (Order-to-Cash), MTN Grou.

The Hackett Group Announces 2024 Digital Award Winners

MIAMI--(BUSINESS WIRE)--The Hackett Group Announces Strategic Acquisition of Leading Gen AI Development Firm LeewayHertz.

The Hackett Group Announces Strategic Acquisition of Leading Gen AI Development Firm LeewayHertz

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) is delighted to announce it has been named Coupa EMEA Partner of the Year. This recognition honors The Hackett Group's EMEA Coupa implementation team for their outstanding performance in driving project execution and the most successful go-lives over the past year. “This achievement was made possible by the exceptional dedication of our team who consistently prioritized our clients' needs and focused on delivering tangible value, ra.

The Hackett Group Recognized as Regional Partner of the Year (EMEA) by Coupa

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) released the first Digital World Class Matrix™ focused on the contract life-cycle management (CLM) and intelligence software market – a core component of the upstream procurement tools within the source-to-pay (S2P) technology landscape driven by rapid artificial intelligence (AI) innovation and increasingly complex business requirements. CLM spans the life of a contract from initiation through award, compliance, tracking and renewa.

AI-Enabled Contract Life-Cycle Management Software Drives Significant Performance Improvements Over Traditional Methods

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc., (NASDAQ: HCKT) reports that for the first time in a decade, the largest publicly traded companies in the U.S. have experienced simultaneous degradation across all major working capital metrics, according to their new research. This triple threat points to a critical turning point, revealing a staggering $1.76 trillion in untapped working capital opportunity, stressing the urgency for companies to optimize and free up cash amidst ongoing economic.

Triple Threat: All Working Capital Metrics Degrade for the First Time in a Decade

MIAMI--(BUSINESS WIRE)--Answerthink, a Hackett Group company (NASDAQ: HCKT), today announced it has achieved the GROW With SAP designation. The GROW With SAP offering helps midsize companies adopt cloud ERP. This offering provides products, best-practice support, adoption acceleration services, a community, and learning opportunities to help customers move to SAP S/4HANA Cloud, public edition with speed, predictability, and continuous innovation. Answerthink has fulfilled SAP's strict eligibili.

Answerthink® Achieves GROW With SAP Designation

Udemy

DALLAS--(BUSINESS WIRE)--CMCT announces Q2 2024 earnings.

Creative Media & Community Trust Corporation Reports 2024 Second Quarter Results

The Hackett Group, Inc. (HCKT) Q2 2024 Earnings Call Transcript

Hackett Group (HCKT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.39 per share a year ago.

Hackett Group (HCKT) Surpasses Q2 Earnings and Revenue Estimates

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consultancy and executive advisory firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the second quarter, which ended on June 28, 2024. Financial Highlights Total revenue in the second quarter of 2024 was $77.7 million and revenue before reimbursements was $75.9 million, which exceeded the high end of our guidance. This compares to total.

The Hackett Group Announces Second Quarter 2024 Results

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT) is collaborating with Oracle to offer a new Hackett Pay™ managed services solution for Oracle Payroll. Hackett Pay™ is designed to provide companies with comprehensive support for their payroll operations, including full business process outsourcing, staff support, and access to The Hackett Group's best practices for payroll optimization and more. Hackett Pay™ will cover all aspects of payroll operations support, including wage paym.

Hackett Announces Expanded Collaboration With Oracle on Hackett Pay™, a Managed Services Offering for Oracle Payroll

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. invites you to participate in the 2024 Second Quarter Earnings Conference Call on Tuesday, August 6, 2024.

The Hackett Group, Inc. Invites You to Participate in the 2024 Second Quarter Earnings Conference Call on Tuesday, August 6, 2024

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), released its first Digital World Class Matrix™ focused on the human capital management (HCM) software market – a growing segment of the human resources (HR) technology landscape – driven by technology innovation and increasing HR demands. Optimizing HR processes and predictively analyzing workforce trends are critical to the successful operation of businesses of all sizes. While the “great resignation” is over, employee engagement.

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