The Hackett Group(HCKT)

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The Hackett Group(HCKT) - 2020 Q1 - Earnings Call Transcript
2020-05-10 17:04
The Hackett Group, Inc. (NASDAQ:HCKT) Q1 2020 Earnings Conference Call May 5, 2020 5:00 PM ET Company Participants Ted Fernandez - Chairman and Chief Executive Officer Bob Ramirez - Chief Financial Officer Conference Call Participants George Sutton - Craig-Hallum Trevor Romeo - William Blair Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. [Operator Instructions] Please be advised the conference is being ...
The Hackett Group(HCKT) - 2020 Q1 - Quarterly Report
2020-05-06 17:17
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 27, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Address of principal executive offices) (Zip Code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d ...
The Hackett Group(HCKT) - 2019 Q4 - Earnings Call Transcript
2020-02-19 02:46
The Hackett Group, Inc. (NASDAQ:HCKT) Q4 2019 Earnings Conference Call February 18, 2020 5:00 PM ET Company Participants Ted Fernandez - Chairman and Chief Executive Officer Robert Ramirez - Chief Financial Officer Conference Call Participants Andrew Nicholas - William Blair George Sutton - Craig-Hallum Jeff Martin - Roth Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Fourth Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode un ...
The Hackett Group(HCKT) - 2019 Q3 - Earnings Call Transcript
2019-11-10 18:53
Start Time: 17:00 January 1, 0000 5:44 PM ET The Hackett Group, Inc. (NASDAQ:HCKT) Q3 2019 Earnings Conference Call November 05, 2019, 17:00 PM ET Company Participants Ted Fernandez - Chairman and CEO Robert Ramirez - CFO Conference Call Participants Adam Kelsey - Craig-Hallum Andrew Nicholas - William Blair 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 m ...
The Hackett Group(HCKT) - 2019 Q2 - Earnings Call Transcript
2019-08-11 08:00
Financial Data and Key Metrics Changes - The company reported net revenues of $68 million for Q2 2019, which is a decrease of 1.1% year-over-year but at the midpoint of revenue guidance [20][30] - Pro forma earnings per share were $0.28, at the high end of guidance, compared to $0.27 in Q2 2018 [30] - Gross revenues from continuing operations were $73.5 million, representing a year-over-year decrease of 1.3% [21] - Pro forma gross margins were 39.9% of net revenues, an increase from 38.7% in the prior year [27][30] Business Line Data and Key Metrics Changes - The Strategy and Business Transformation (S&BT) Group net revenues were $35.7 million, up 7.4% sequentially but down 5.6% year-over-year [22] - The EEA solutions group net revenues were $32.3 million, an increase of 4.4% year-over-year and up 10.9% sequentially, driven by strong Oracle cloud revenue growth [23] - The U.S. Oracle practice within EEA saw cloud revenue growth exceeding 30% year-over-year, with cloud revenue now approximately 69% of total implementation revenue [24] Market Data and Key Metrics Changes - International net revenues accounted for 16% of total revenues in Q2 2019, down from 19% in the previous year [24] - The company experienced a decline in international revenues of over 20% in Q2, impacting overall growth [10][22] Company Strategy and Development Direction - The company is focusing on digital transformation and cloud implementation as key growth drivers, with significant investments in platforms like Quantum Leap and the Digital Transformation Platform (DTP) [12][47] - The long-term strategy includes building brand offerings around digital transformation and leveraging unique intellectual property [44][50] - The company is actively seeking acquisitions and alliances to enhance its growth potential [50] Management's Comments on Operating Environment and Future Outlook - Management noted that the demand environment is favorable due to rapid developments in digital transformation and enterprise cloud applications [41][42] - The company expects U.S. revenue growth of 5% to 10% in Q3, but international revenues are anticipated to decline by approximately 20% [36][37] - Management expressed optimism about the future, citing strong growth in cloud offerings and the potential for improved performance in the latter half of the year [51][85] Other Important Information - The company generated $11.3 million in cash from operating activities during Q2 2019, with cash balances increasing to $16.7 million [32][33] - The company repurchased 93,000 shares at a cost of approximately $1.5 million during the quarter [34] Q&A Session Summary Question: Insights on European Market Engagement - Management indicated that clients in Europe are deferring decisions due to uncertainty, impacting revenue growth [56][58] Question: Growth in Oracle Cloud Engagements - Management confirmed that the size of engagements has increased, with the ERP business growing at a higher pace than EPM [59][60] Question: Progress with Non-Oracle EPM Providers - Management reported positive progress with partnerships, expecting revenue growth in Q3 [63] Question: Impact of Digital Transformation Platforms - Management emphasized the significance of Quantum Leap and DTP in differentiating the company and driving growth [71][72] Question: Follow-on Opportunities from Multiyear Contracts - Management estimated that follow-on opportunities from significant benchmarking exercises could range from 25% to 50% of the original contract [76] Question: Monthly Revenue Cadence - Management noted strong sequential growth momentum from Q2, despite expected reductions in available days due to summer vacations [77]
The Hackett Group(HCKT) - 2019 Q1 - Earnings Call Transcript
2019-05-13 03:05
The Hackett Group, Inc. (NASDAQ:HCKT) Q1 2019 Earnings Conference Call May 7, 2019 5:00 PM ET Company Participants Ted Fernandez - Chairman and Chief Executive Officer Rob Ramirez - Chief Financial Officer Conference Call Participants Tim McHugh - William Blair & Company Jeff Martin - ROTH Capital Partners Jason Kreyer - Craig-Hallum Vince Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. Your lines have been placed on listen-only mode until the qu ...
The Hackett Group(HCKT) - 2019 Q1 - Quarterly Report
2019-05-08 18:34
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 29, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION The Hackett Group, Inc. (Exact name of registrant as specified in its charter) FLORIDA 65-0750100 (State or other jurisdiction of incorporation or organization) 1001 Brickell Bay Drive, Suite 3000 Mia ...
The Hackett Group(HCKT) - 2018 Q4 - Annual Report
2019-03-08 22:31
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 28, 2018 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(HCKT) - 2018 Q4 - Earnings Call Transcript
2019-02-20 04:16
The Hackett Group, Inc. (NASDAQ:HCKT) Q4 2018 Results Earnings Conference Call February 19, 2019 5:00 PM ET Company Participants Ted Fernandez - Chairman and CEO Robert Ramirez - CFO Conference Call Participants Frank Atkins - SunTrust George Sutton - Craig-Hallum Jeff Martin - Roth Capital Partners Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Fourth Quarter Earnings Conference Call. Your lines have been placed on listen-only mode until the question-and-answer session. Pleas ...