Hackett Group Q2 revenue up 4% to $75.9M; adjusted EPS $0.38 beats guidance

HACKETT GROUP, INC.

2022-Q2 EPS reported $0.65 revenue$151,592,000

GAAP diluted EPS $0.32; adjusted EPS $0.38 vs $0.39 a year ago (up 27% excluding software sale).
Total revenue before reimbursements $74.8M, above high end of guidance; signed multi-year IP-as-a-Service contract.
Q3 guidance: revenue before reimbursements $70.5M-$72.5M; adjusted EPS $0.34-$0.36.
Board declared Q3 dividend of $0.11/share, payable Oct 7 to holders of record Sep 23.
Cash $61.7M with no debt; $10.6M remaining under share repurchase authorization.

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