HACKETT GROUP Reports Total Revenue of USD 77.1 Million for Q2 of FY2023, Up 1.5% from Prior Year
August 20, 2023
🌥️Earnings Overview
HACKETT GROUP ($NASDAQ:HCKT) reported total revenue of USD 77.1 million for the second quarter of FY2023, a 1.5% rise from the same period last year, on June 30, 2023. However, net income was down 14.7% year-over-year, at USD 8.7 million.
Analysis
GoodWhale has analyzed the wellbeing of HACKETT GROUP and has identified the company as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. According to the Star Chart, HACKETT GROUP is strong in dividend and profitability, but weak in growth. With regard to its cashflows and debt, HACKETT GROUP has a high health score of 9/10, which indicates the company is capable of sustaining future operations in times of crisis. This makes it attractive to certain types of investors who are seeking a more stable equity investment. Investors who value dividend payout or are interested in distributing profits as well as those who prioritize profitability over growth may be particularly interested in HACKETT GROUP. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hackett Group. More…
| Total Revenues | Net Income | Net Margin |
| 290.48 | 36.96 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hackett Group. More…
| Operations | Investing | Financing |
| 49.79 | -4.66 | -69.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hackett Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 182.93 | 110.03 | 2.33 |
Key Ratios Snapshot
Some of the financial key ratios for Hackett Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | 26.8% | 17.8% |
| FCF Margin | ROE | ROA |
| 15.5% | 50.9% | 17.7% |
Peers
The firm helps organizations improve their performance by providing them with insights, advice, and implementation support in the areas of finance, operations, strategy, and people. The Hackett Group also offers a range of services to its clients, including research, benchmarking, coaching, and training. The firm’s competitors include Q4 Inc, Kyndryl Holdings Inc, and Smart Employee Benefits Inc.
– Q4 Inc ($TSX:QFOR)
Q4 Inc is a cloud-based software company that provides a range of solutions for businesses, including customer relationship management (CRM), marketing automation, and analytics. The company has a market cap of 123.4 million and a return on equity of -39.77%. Q4’s solutions are designed to help businesses improve their customer relationships, increase sales, and better understand their data. The company’s products are used by businesses of all sizes, from small businesses to Fortune 500 companies.
– Kyndryl Holdings Inc ($NYSE:KD)
Kyndryl Holdings Inc is a holding company that owns stakes in various businesses, including healthcare, industrial, and consumer companies. The company has a market capitalization of $2.14 billion as of 2022 and a return on equity of -37.91%. Kyndryl’s healthcare portfolio includes stakes in companies such as CareFusion Corporation and HCA Healthcare, Inc. The company’s industrial portfolio includes companies such as Steel Dynamics, Inc. and United Rentals, Inc. Kyndryl’s consumer portfolio includes companies such as General Mills, Inc. and Procter & Gamble Company.
– Smart Employee Benefits Inc ($TSXV:SEB)
Smart Employee Benefits Inc has a market cap of 28.44M as of 2022, a Return on Equity of 8.35%. The company provides employee benefits services, including health insurance, life insurance, and retirement planning.
Summary
HACKETT GROUP‘s Q2 FY2023 earnings report showed total revenue of USD 77.1 million, a 1.5% increase from the prior year, but net income fell 14.7%, to USD 8.7 million. Investors may be concerned with the profits decrease, but should also take into account the revenue growth, which could be a sign of a sustained increase in customers and demand. Furthermore, the company’s cost-cutting measures may help to offset the lower profits, making HACKETT GROUP a more attractive investment. Ultimately, investors should consider all factors before investing in the company.
