Hackett Q2 2022 Earnings Report
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.
Hackett
Hackett
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.