Hackett Group, Inc. (HCKT) Tops Q2 EPS by 2c, Revenues Miss

Hackett Group, Inc. (NASDAQ: HCKT) reported Q2 EPS of $0.06, $0.02 better than the analyst estimate of $0.04. Revenue for the quarter came in at $52.6 million versus the consensus estimate of $56.23 million.

“Our operating results reflect the expected revenue declines from the coronavirus economic disruption and our decision to forgo profitability during the quarter in order to protect our associates until we had a much better assessment of the impact of the pandemic,” stated Ted A. Fernandez, Chairman & CEO of the Hackett Group, Inc. “I am very proud of our associates’ ability to quickly take the necessary safety precautions while also successfully adapting to our clients’ virtual service delivery requirements. We are also pleased to finish the quarter with such a strong cash position without any debt which allowed us to take the necessary actions while continuing our dividend and remain strongly poised for the expected economic recovery.”

For earnings history and earnings-related data on Hackett Group, Inc. (HCKT) click here.

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