Fri, Feb 28, 9:29 PM (58 days ago)
**The Hackett Group, Inc. (HCKT) 10-K Summary** For the fiscal year ending December 27, 2024, The Hackett Group reported total revenue of $313,855,000, a 5.8% increase from $296,590,000 in 2023. Net income decreased to $29,630,000 compared to $34,151,000 in the prior year, influenced by rising operating expenses, which totaled $269,267,000, up from $247,328,000. Earnings per share fell to $1.08 from $1.26. Strategically, Hackett has pivoted to focus on Generative AI (Gen AI) consulting, launching the AI XPLR platform and acquiring LeewayHertz Technologies, enhancing its capabilities in AI solutions. Future growth is anticipated as IT budgets shift to prioritize Gen AI initiatives. Key risks include economic downturns, competitive pressures, and the successful integration of AI technologies. Financially, the company maintains a strong position with $16.4 million in cash and $12.7 million in outstanding debt, reflecting prudent management amid expansion efforts. Overall, Hackett's strategic direction, centered on Gen AI, positions it to leverage emerging market opportunities while navigating inherent risks.