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Jul 01, 2022
Hackett Q2 2022 Earnings Report
The Hackett Group announced second quarter results, with revenue exceeding guidance and driven by the growth and margin expansion of their Strategy and Business Transformation group.
Key Takeaways
The Hackett Group reported a 4% increase in total revenue, reaching $75.9 million, and GAAP diluted earnings per share of $0.32 for the second quarter of 2022. Adjusted diluted earnings per share was $0.38, exceeding the high end of guidance. The company also signed a significant multi-year IP as-a-Service contract.
Total revenue increased by 4% to $75.9 million compared to Q2 2021.
Revenue before reimbursements increased by 2% to $74.8 million compared to Q2 2021.
GAAP diluted earnings per share was $0.32, consistent with Q2 2021.
Adjusted diluted earnings per share was $0.38, compared to $0.39 in Q2 2021, or $0.30 excluding a software sale transaction.
Forward Guidance
The Company estimates total revenue before reimbursements for the third quarter of 2022 will be in the range of $70.5 million to $72.5 million. The Company estimates adjusted diluted earnings per share for the third quarter of 2022 to be in the range of $0.34 and $0.36.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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