Exhibit 99.1 Contact: Robert A. Ramirez, CFO, 305-375-8005 or rramirez@thehackettgroup.com The Hackett Group Announces First Quarter 2024 Results MIAMI, FL (May 7, 2024) – The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 29, 2024. Financial Highlights "We reported solid operating results whic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 29, 2023 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) (State or other jurisdiction of incorporation or organizati ...

[The Hackett Group Q4 2023 Earnings Release](index=1&type=section&id=The%20Hackett%20Group%20Q4%202023%20Earnings%20Release) The Hackett Group's Q4 2023 earnings release details strong financial performance, positive AI platform adoption, and a strategic Q1 2024 outlook, supported by comprehensive financial statements [Financial Highlights & Business Outlook](index=1&type=section&id=Financial%20Highlights%20%26%20Business%20Outlook) The Hackett Group reported solid Q4 2023 results, exceeding revenue and adjusted EPS guidance, highlighted by positive reception for its new generative AI platform, AI XPLR, and provided its outlook for Q1 2024, projecting continued revenue growth and stable adjusted earnings, while announcing a quarterly dividend [Q4 2023 Performance Summary](index=1&type=section&id=Q4%202023%20Performance%20Summary) The company exceeded Q4 2023 revenue and adjusted EPS guidance, driven by favorable feedback for its new AI XPLR platform and strong financial results - The company's new generative artificial intelligence platform, AI XPLR, is receiving favorable feedback and has led to a significant number of client meetings to establish Gen AI roadmaps[3](index=3&type=chunk) - GAAP net income for Q4 2023 includes a one-time legal settlement and related costs of **$1.2 million**, which negatively impacted GAAP diluted earnings per share by **$0.03**[4](index=4&type=chunk) Q4 2023 Key Financial Results | Metric | Q4 2023 | Q4 2022 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $72.4M | $70.1M | +3.3% | | Revenue before reimbursements | $71.2M | $68.8M | +3.5% | | GAAP Diluted EPS | $0.28 | $0.31 | -9.7% | | Adjusted Diluted EPS | $0.39 | $0.36 | +8.3% | [Q1 2024 Business Outlook](index=2&type=section&id=Q1%202024%20Business%20Outlook) The company provides Q1 2024 guidance projecting continued revenue growth and stable adjusted earnings per share Q1 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | Total revenue before reimbursements | $72.5M - $74.0M | | Adjusted diluted earnings per share | $0.36 - $0.39 | [Capital Allocation and Liquidity](index=1&type=section&id=Capital%20Allocation%20and%20Liquidity) The company declared a quarterly dividend, significantly reduced debt, and maintained a solid cash flow from operations - The Board of Directors declared a Q1 2024 dividend of **$0.11 per share**[4](index=4&type=chunk) - During Q4 2023, the company paid down **$11.0 million** of its debt, leaving an outstanding balance of **$33.0 million** on its credit facility[4](index=4&type=chunk) Cash Position and Cash Flow | Metric | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | | Cash Balances (End of Period) | $21.0M | $30.3M | | Cash Flow from Operations | $25.6M | $24.8M | [Financial Statements Analysis](index=4&type=section&id=Financial%20Statements%20Analysis) The company's full-year 2023 revenue saw a slight increase, but operating and net income declined compared to 2022, primarily due to higher operating costs, including a legal settlement, and increased interest expense, while the balance sheet strengthened with a significant reduction in long-term debt, and segment performance was mixed, with Oracle Solutions showing growth in both revenue and profit, while Global S&BT and SAP Solutions experienced profit declines [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Full-year 2023 operations show a slight revenue increase but a decline in operating and net income, primarily due to higher costs and increased interest expense - Total costs and operating expenses for the full year 2023 increased to **$247.3 million** from **$238.5 million** in 2022, driven by higher personnel costs, SG&A, and a **$1.2 million** legal settlement[13](index=13&type=chunk) - Net interest expense significantly increased to **$3.2 million** for the full year 2023, compared to only **$0.14 million** in 2022[13](index=13&type=chunk) Full Year Performance (2023 vs 2022) | Metric (in thousands) | Twelve Months Ended Dec 29, 2023 | Twelve Months Ended Dec 30, 2022 | Change | | :--- | :--- | :--- | :--- | | Total Revenue | $296,590 | $293,742 | +1.0% | | Operating Income | $49,262 | $55,248 | -10.8% | | Net Income | $34,151 | $40,802 | -16.3% | | Diluted EPS | $1.24 | $1.28 | -3.1% | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet reflects a substantial reduction in long-term debt and a significant increase in shareholders' equity - The company significantly reduced its long-term debt by **45.2%** year-over-year, contributing to a substantial decrease in total liabilities[14](index=14&type=chunk) Balance Sheet Summary (as of year-end) | Metric (in thousands) | Dec 29, 2023 | Dec 30, 2022 | Change | | :--- | :--- | :--- | :--- | | Cash | $20,957 | $30,255 | -30.7% | | Total Assets | $181,428 | $184,993 | -1.9% | | Long-term Debt | $32,711 | $59,653 | -45.2% | | Total Liabilities | $91,348 | $126,715 | -27.9% | | Shareholders' Equity | $90,080 | $58,278 | +54.6% | [Segment Performance](index=6&type=section&id=Segment%20Performance) Segment performance was mixed, with Oracle Solutions showing strong growth in revenue and profit, while other segments experienced profit declines - For the full year 2023, Oracle Solutions was the standout performer, with growth in both revenue (**+1.9%**) and segment profit (**+17.8%**), while Global S&BT and SAP Solutions saw their segment profits decline despite relatively stable revenues[15](index=15&type=chunk) Full Year Segment Revenue (in thousands) | Segment | 2023 Revenue | 2022 Revenue | Change | | :--- | :--- | :--- | :--- | | Global S&BT | $171,927 | $169,660 | +1.3% | | Oracle Solutions | $77,772 | $76,320 | +1.9% | | SAP Solutions | $46,891 | $47,762 | -1.8% | Full Year Segment Profit (in thousands) | Segment | 2023 Profit | 2022 Profit | Change | | :--- | :--- | :--- | :--- | | Global S&BT | $54,366 | $61,319 | -11.3% | | Oracle Solutions | $18,060 | $15,335 | +17.8% | | SAP Solutions | $11,925 | $12,827 | -7.0% | [Supplemental Information](index=7&type=section&id=Supplemental%20Information) This section provides a detailed reconciliation between GAAP and non-GAAP financial measures, explaining that adjustments are made for items like non-cash stock-based compensation and legal settlements to better reflect core operating performance, and also includes supplemental data on key operational metrics, showing a year-over-year increase in headcount and stable customer concentration [Reconciliation of GAAP to Non-GAAP Measures](index=7&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) This section reconciles GAAP and non-GAAP financial measures, highlighting adjustments for non-cash items and legal settlements to clarify core operating performance - The company provides non-GAAP results to enhance understanding of its core operating performance by excluding items such as non-cash stock-based compensation, legal settlements, and amortization of intangible assets[6](index=6&type=chunk)[18](index=18&type=chunk) Q4 GAAP to Non-GAAP Net Income Reconciliation (in thousands) | Description | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | | **GAAP NET INCOME** | **$7,850** | **$9,716** | | Non-cash stock based compensation | $2,794 | $2,439 | | Legal settlement and related costs | $1,178 | - | | Tax effect of adjustments | $996 | $687 | | **ADJUSTED NET INCOME** | **$10,826** | **$11,468** | [Key Metrics and Other Data](index=9&type=section&id=Key%20Metrics%20and%20Other%20Data) Supplemental data reveals an increase in total headcount, stable Days Sales Outstanding, and consistent customer revenue concentration Key Operational Metrics | Metric | Q4 2023 | Q3 2023 | Q4 2022 | | :--- | :--- | :--- | :--- | | Consultant Headcount | 1,168 | 1,177 | 1,128 | | Total Headcount | 1,416 | 1,430 | 1,353 | | Days Sales Outstanding (DSO) | 65 | 75 | 63 | Revenue Concentration (% of total revenue) | Customer Group | Q4 2023 | Q4 2022 | | :--- | :--- | :--- | | Top Customer | 7% | 5% | | Top 5 Customers | 18% | 16% | | Top 10 Customers | 27% | 26% |

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 29, 2023 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 | | --- | (State or other jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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 | | --- | (State or other jurisdiction of incorporation ...

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 March 31, 2023 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 | | --- | (State or other jurisdiction of in ...

Revenue Performance - Total revenue for fiscal year 2022 increased by 5% to $293.7 million, compared to $278.8 million in 2021, driven primarily by a 16% increase in the Global S&BT segment [121]. - Global S&BT segment revenue reached $169.7 million in 2022, up from $146.2 million in 2021, representing 58% of the company's total revenue [125]. - Oracle Solutions segment revenue increased to $76.3 million in 2022 from $74.9 million in 2021, although it faced volatility in client decisions in the second half of the year [126]. - SAP Solutions segment revenue decreased to $47.8 million in 2022 from $57.7 million in 2021, with the prior year benefiting from a $5.3 million software sale transaction [127]. Cost and Expenses - Personnel costs before reimbursable expenses slightly increased to $174.1 million in 2022 from $171.9 million in 2021, with personnel costs as a percentage of total revenue decreasing to 59% from 62% [130]. - Non-cash stock-based compensation expense was $6.2 million in 2022, compared to $6.4 million in 2021 [130]. - Selling, general and administrative costs (SG&A) primarily consist of salaries, benefits, and various overhead expenses, impacting overall profitability [132]. - SG&A costs increased by 3% to $61.0 million in 2022 from $59.2 million in 2021, maintaining 21% of total revenue for both years [133]. - Non-cash stock-based compensation expense rose to $4.1 million in 2022 from $3.4 million in 2021, reflecting higher incentive compensation due to company performance [134]. Profitability - Diluted earnings per share increased to $1.28 in 2022 from $1.26 in 2021, despite the prior year including a tax benefit that positively impacted net income [121]. - Global S&BT segment profit increased to $61.3 million in 2022, up from $49.3 million in 2021, driven by over 20% growth in higher margin offerings [137]. - Oracle Solutions segment profit slightly decreased to $15.3 million in 2022 from $15.7 million in 2021, with continued offshore leverage expansion [138]. - SAP Solutions segment profit decreased to $12.8 million in 2022 from $18.8 million in 2021, impacted by a prior year software sales transaction of $5.3 million [139]. Cash Flow and Financing - Net cash provided by operating activities was $58.9 million in 2022, compared to $46.4 million in 2021, primarily due to net income adjustments and changes in tax liabilities [143]. - Net cash used in investing activities was $4.7 million in 2022, up from $3.2 million in 2021, mainly for the development of new technologies [144]. - Net cash used in financing activities was $69.7 million in 2022, compared to $46.7 million in 2021, largely due to share repurchases totaling $116.6 million [146]. - The company had $30.3 million in cash as of December 30, 2022, down from $45.8 million in the previous year, with $59.7 million in outstanding debt under its credit facility [141]. - The company repurchased 4.9 million shares at an average price of $23.69 per share in 2022, totaling $116.6 million, with $14.7 million remaining for future repurchases [153]. Organizational Changes - The company has reorganized its operating segments into three reportable segments: Global S&BT, Oracle Solutions, and SAP Solutions, effective in the third quarter of 2022 [124].

The Hackett Group, Inc. (NASDAQ:HCKT) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Participants Rob Ramirez – Chief Financial Officer Ted Fernandez – Chairman and Chief Executive Officer Conference Call Participants George Sutton – Craig-Hallum Jeff Martin – ROTH MKM Vince Colicchio – Barrington Research Operator Welcome to the Hackett Group Fourth Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be adv ...

The Hackett Group, Inc. (NASDAQ:HCKT) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research George Sutton - Craig-Hallum 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. Pl ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2022 were $75.9 million, up 4% year-over-year, and up 12% when excluding prior year software sales [22] - Adjusted earnings per share were $0.38, above quarterly guidance and representing a 27% increase year-over-year when excluding the prior year software sales transaction [33] - Adjusted EBITDA was $17.6 million, or 23.6% of revenues before investments, compared to 24.6% in the prior year [32] Business Line Data and Key Metrics Changes - Revenue from the Strategy and Business Transformation (S&BT) Group increased by 24.5% year-over-year to $32.9 million [24] - The EEA Solutions group saw revenues decrease by 11% year-over-year to $36.1 million, but increased by 2.5% when excluding the prior year software sales transaction [24] - International Group revenues were $5.7 million, down 5% year-over-year [25] Market Data and Key Metrics Changes - U.S. operations represented 92% of revenues before reimbursements, up 3% year-over-year [23] - Approximately 20% of total revenues before reimbursements consisted of recurring and subscription-based revenues [26] Company Strategy and Development Direction - The company is focusing on accelerating high-margin IP-related services and plans to launch three to four new market intelligence programs by year-end [46] - Investments in digital transformation initiatives are expected to drive long-term growth and profitability [42] - The company is exploring strategic partnerships to enhance its IP and reach beyond its current Global 1000 focus [48] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand for digital transformation initiatives, which is reshaping competitive dynamics in the industry [42] - The company expects to see a leveling off of EEA performance in Q3, with a return to year-over-year growth anticipated in Q4 [54] - There are no direct signs of economic headwinds affecting the EEA business, although the company is monitoring sales cycles closely [79] Other Important Information - The company declared a third-quarter dividend of $0.11 per share, payable on October 7, 2022 [37] - Cash balances increased to $61.7 million at the end of Q2 2022, compared to $47.8 million at the end of the previous quarter [35] Q&A Session Summary Question: Can you discuss the dynamics affecting Q3 performance? - Management indicated a 3% reduction in available days and noted that the SAP practice is expected to see a favorable impact in Q3 from deals that are coming to fruition [53] Question: Can you provide details on the IPaaS deal? - The IPaaS deal is transformative, allowing the client to utilize Hackett's data and platforms for value propositions and project tracking [56][59] Question: What are the implications of the IP-as-a-Service offering on profit growth for 2023? - Management highlighted that IP-as-a-Service deals are significant and can lead to high-margin, multi-year contracts, contributing positively to gross margins [66][70] Question: How is the company balancing demand versus talent availability? - The company has experienced higher turnover but has leveraged offshore resources and reduced travel requirements to attract talent from a broader pool [75] Question: Are there any signs of economic headwinds in the EEA business? - Management stated that activity remains strong and there are no direct correlations to economic slowdowns affecting the EEA business [79]