Revenue Performance - Total revenue for fiscal year 2024 increased to $313.9 million, compared to $296.6 million in 2023, primarily driven by increases in SAP Solutions segment revenue of $10.2 million and Oracle Solutions segment revenue of $7.9 million[144] - Total revenue for the company increased to $313.9 million in 2024, up from $296.6 million in 2023, representing a growth of 5.4%[147] - Global S&BT revenue decreased to $171.1 million in 2024, down from $171.9 million in 2023, a decline of 0.5%[147] - Oracle Solutions revenue rose to $85.7 million in 2024, an increase of 10.5% from $77.8 million in 2023[149] - SAP Solutions revenue increased to $57.1 million in 2024, up 21.5% from $46.9 million in 2023[150] - One customer accounted for 11% of total revenue in 2024, up from 6% in 2023, indicating increased customer concentration[146] Acquisitions and Goodwill - The Hackett Group acquired 100% of LeewayHertz Technologies for a provisional purchase consideration of $7.8 million, resulting in provisional goodwill of $5.9 million[133] - The provisional fair value of the net assets acquired from LeewayHertz includes cash of $1.02 million, current assets of $2.08 million, and intangible assets of $2.5 million[135] - Goodwill related to LeewayHertz has been allocated to the Global S&BT segment, increasing the total goodwill to $89.8 million as of December 27, 2024[137] - The company acquired LeewayHertz for $6.5 million in 2024, contributing to the increase in cash used in investing activities to $10.6 million[166] Operating Expenses and Costs - Total costs and operating expenses for fiscal year 2024 were $269.3 million, compared to $247.3 million in 2023, reflecting an increase in personnel and administrative costs[143] - Personnel costs before reimbursable expenses increased to $183.8 million in 2024, compared to $174.9 million in 2023, a rise of 5.1%[152] - SG&A costs increased by 19% to $78.5 million in 2024, compared to $65.9 million in 2023[155] - The company recognized stock compensation expenses of $10.5 million in 2024, compared to $6.2 million in 2023, indicating increased equity awards[143] Cash Flow and Dividends - Net cash provided by operating activities was $47.7 million in 2024, up from $37.4 million in 2023, an increase of 27.5%[165] - The company approved a 9% increase in the dividend, raising the annual dividend amount to $0.48 per share[173] - As of December 27, 2024, the company had $16.4 million in cash and $12.7 million outstanding under its Credit Facility[163] Market Risks and Currency Exchange - The company has exposure to market risk due to variable interest rates on its Credit Facility, but a 100-basis point increase would not materially impact 2024 results[178] - The company recognized foreign currency exchange losses of $19 thousand in 2024 and $0.4 million in 2023, compared to an income of $1.4 million in 2022[179] - Currently, the company does not hold any derivative contracts to hedge foreign currency risk but may consider adopting such strategies in the future[179] Strategic Initiatives - The Hackett Group completed over 27,500 benchmarking and performance studies, utilizing its Quantum Leap platform to drive digital transformation[125] - The company launched its AI assessment platform, AI XPLR, in early 2024 to help clients identify and design Gen AI enablement opportunities[123] - The joint venture with LeewayHertz aims to integrate AI XPLR and ZBrain platforms to provide advanced Gen AI solutions, expected to be formed by mid-2025[136]

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 were $79.2 million, exceeding quarterly guidance, with adjusted earnings per share of $0.47, also above guidance [8][26]. - Adjusted net income for Q4 2024 was $13.6 million, or adjusted diluted net income per share of $0.47, compared to $0.39 in the prior year [35]. - Total company adjusted gross margin was 47.7% in Q4 2024, up from 43.3% in the prior year [32]. Business Line Data and Key Metrics Changes - Global S&BT segment revenues were $43.9 million, a 4% increase year-over-year, driven by Gen AI consulting, offset by weakness in eProcurement [27][28]. - Oracle Solutions segment revenues were $18.2 million, a 6% decrease year-over-year, primarily due to the wind down of a large engagement [28]. - SAP Solutions segment revenues were $17.2 million, a 51% increase year-over-year, driven by strong software-related sales [29]. Market Data and Key Metrics Changes - Approximately 22% of total revenues before reimbursements consist of recurring multi-year and subscription-based revenues [30]. - The company expects strong demand for SAP services throughout 2025, despite a tempering outlook for Q1 2025 [40]. Company Strategy and Development Direction - The company is focusing on Gen AI-enabled transformations, viewing it as a generational opportunity for value creation [11][45]. - Strategic investments are being made in the AI XPLR platform and the training of associates to enhance Gen AI capabilities [46][48]. - The acquisition of LeewayHertz is expected to accelerate efforts in Gen AI and enhance the company's offerings [17][18]. Management's Comments on Operating Environment and Future Outlook - Management anticipates an increase in IT budgets for Gen AI initiatives in 2025, moving from awareness to budgeted projects [44]. - The company expects to see velocity in the pipeline as clients are better prepared and budgeted for Gen AI initiatives [78]. - There is an expectation of continued strong demand for digital transformation services, despite economic concerns [43]. Other Important Information - The company repurchased 117,000 shares at an average price of $30.95 per share during the quarter [37]. - A 9% increase in the annual dividend was authorized, raising it from $0.44 to $0.48 per share [38]. Q&A Session Summary Question: Can you provide more detail on the breadth of what you're working on regarding Gen AI? - Management noted that client engagements are increasingly focused on Gen AI, driving meeting counts and revenue opportunities [59]. Question: How has the news about DeepSeek affected your pipeline? - Management indicated that the advancements in foundational large language models are positive for Gen AI solutions, enhancing their competitive edge [64]. Question: Is the recent SAP business performance sustainable? - Management expressed that while Q4 performance was strong, it may not be sustainable into Q1, but they expect strong demand throughout 2025 [68]. Question: Are you seeing meetings convert into implementation contracts? - Management reported increasing activity and visibility on pipeline conversion, with clients planning budgeted initiatives for 2025 [77]. Question: Can you quantify the headwind from eProcurement and OneStream in Q4? - Management acknowledged that these areas were significant enough to impact reported growth, but specific quantification was not provided [92].

Hackett Group (HCKT) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.90%. A quarter ago, it was expected that this consulting company would post earnings of $0.40 per share when it actually produced earnings of $0.43, delivering a surprise of 7.50%.Over the last four quarters, the ...

Financial Performance - Total revenue for Q4 2024 was $79.2 million, up 9.9% from $72.4 million in Q4 2023[3] - Adjusted diluted earnings per share for Q4 2024 was $0.47, compared to $0.39 in Q4 2023, representing a 20.5% increase[3] - GAAP diluted earnings per share decreased to $0.12 in Q4 2024 from $0.28 in Q4 2023, impacted by non-cash compensation expenses totaling $7.4 million[3] - Total revenue for the fourth quarter of 2024 was $79.235 million, an increase of 9.4% compared to $72.403 million in the same quarter of 2023[14] - Adjusted net income for the fourth quarter was $13.566 million, compared to $10.826 million in the prior year, reflecting a 25.5% increase[17] - Total revenue for the fourth quarter was $79,235,000, a slight decrease of 0.7% from $79,777,000 in the previous quarter and an increase of 9.3% from $72,403,000 in the same quarter last year[22] - Revenue before reimbursements for the fourth quarter was $77,456,000, compared to $77,949,000 in the previous quarter and $71,167,000 in the same quarter last year, reflecting a year-over-year increase of 8.8%[22] Cash Flow and Assets - Cash flow from operations for Q4 2024 was $20.6 million, down from $25.6 million in Q4 2023[3] - Cash provided by operating activities for the fourth quarter was $20,640,000, a substantial increase from $10,578,000 in the previous quarter but a decrease from $25,587,000 in the same quarter last year[22] - The company reported total assets of $191.877 million as of December 27, 2024, compared to $181.428 million a year earlier, representing a growth of 5.5%[13] - Total liabilities decreased to $76.303 million from $91.348 million, a reduction of 16.5% year-over-year[13] - Cash and cash equivalents decreased to $16.366 million from $20.957 million, a decline of 22%[13] Shareholder Returns - The board approved a 9% increase in the annual dividend from $0.44 to $0.48 per share, with a quarterly dividend of $0.12 to be paid on April 4, 2025[4] - The company repurchased 117,000 shares at an average price of $30.95, totaling $3.6 million, with remaining authorization of $27.5 million[4] - The company repurchased 117,000 shares at an average price of $30.95, totaling $3,630,000, compared to 65,000 shares at $26.77 in the previous quarter[22] - Remaining plan authorization for share repurchases increased to $27,516,000 from $11,146,000 in the previous quarter, indicating a strong capacity for future buybacks[22] Segment Performance - Segment profit for Global S&BT was $14.688 million, up from $13.506 million year-over-year, while Oracle Solutions segment profit decreased to $2.959 million from $4.094 million[14] - SAP Solutions segment revenue increased significantly to $17.184 million from $11.243 million, with segment profit rising to $6.910 million from $3.439 million[14] - The Oracle Solutions segment reported total revenue of $18,174,000, down 20.3% from $22,759,000 in the previous quarter but consistent with $18,998,000 in the same quarter last year[22] - The SAP Solutions segment achieved total revenue of $17,184,000, a significant increase of 32.5% from $12,953,000 in the previous quarter and an increase of 52.4% from $11,243,000 in the same quarter last year[22] Future Outlook - The company expects total revenue before reimbursements for Q1 2025 to be between $75.0 million and $76.5 million[7] - Adjusted diluted earnings per share for Q1 2025 is estimated to be in the range of $0.39 to $0.41[7] Workforce and Operational Metrics - Consultant headcount increased to 1,284, up from 1,262 in the previous quarter and 1,168 in the same quarter last year, indicating growth in workforce[22] - Days sales outstanding (DSO) improved to 66 days, down from 70 days in the previous quarter and consistent with 65 days in the same quarter last year[22] Strategic Initiatives - The acquisition of LeewayHertz enhances the company's Gen AI consulting and implementation capabilities, supported by AI XPLR and ZBrain platforms[2] - The company is set to release AI XPLR version 3, which will provide industry-specific dynamic simulations for Gen AI solutions[2]

DENVER, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever and Jobvite, today announces its inclusion in the Hackett Group® Digital World Class® Matrix focused on the talent acquisition software marketplace. The Talent Acquisition Digital World Class® Matrix provides an in-depth guide to some of the biggest talent acquisition technology providers and how their solutions impact companies’ operations, recruiting ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 27, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 333-48123 The Hackett Group, Inc. (Exact name of registrant as specified in its charter) FLORIDA 65-0750100 (State or other jurisdiction of ...

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. Please be advised the conference is being r ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.50%. A quarter ago, it was expected that this consulting company would post earnings of $0.38 per share when it actually produced earnings of $0.39, delivering a surprise of 2.63%.Over the last four quarters, the c ...

Exhibit 99.1 www.TheHackettGroup.com Contact: Robert A. Ramirez, CFO, 305-375-8005 or rramirez@thehackettgroup.com The Hackett Group Announces Third Quarter 2024 Results MIAMI, FL (November 4, 2024) – The Hackett Group, Inc. (NASDAQ: HCKT), an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the third quarter, which ended on September 27, 2024. Financial Highlights • Total revenue in the th ...