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Apr 01, 2022
Hackett Q1 2022 Earnings Report
Reported better than expected results due to strong demand for IP centric digital transformation offerings.
Key Takeaways
The Hackett Group reported a strong first quarter with revenue increasing by 19% to $75.7 million and GAAP diluted earnings per share increasing by 74% to $0.33, driven by increased revenue and margins.
Revenue increased 19% to $75.7 million compared to Q1 2021.
GAAP diluted earnings per share increased 74% to $0.33 compared to Q1 2021.
Adjusted diluted earnings per share increased 41% to $0.38 compared to Q1 2021.
The company repurchased 157 thousand shares of its stock for a total of $3.1 million.
Forward Guidance
The Company estimates total revenue before reimbursements for the second quarter of 2022 will be in the range of $71.0 million to $73.0 million. The Company estimates adjusted diluted earnings per share for the second quarter of 2022 to be in the range of $0.33 and $0.35.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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