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Hackett Group Inc. (HCKT) filed Quarterly Report for the period ended 2011-09-30.
Hackett Group Inc. has a market cap of $158 million; its shares were traded at around $3.89 with a P/E ratio of 10.5 and P/S ratio of 0.8.
This is the annual revenues and earnings per share of HCKT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of HCKT.
Highlight of Business Operations:
Total Company revenue for the quarter and nine months ended September 30, 2011 increased 11% to $57.9 million and 11% to $169.6 million, respectively, as compared to the quarter and nine months ended October 1, 2010. The following table summarizes revenue (in thousands):The Hackett Group revenue increased 9% and 7% for the quarter and nine months ended September 30, 2011, respectively, as compared to the quarter and nine months ended October 1, 2010. The Hackett Group’s international revenue, which is primarily based on the country of the contracting entity, accounted for 24% and 22% of Hackett’s total revenue for the quarter and nine months ended September 30, 2011, respectively, as compared to 18% and 19% for the quarter and nine months ended October 1, 2010, respectively, as a result of improving demand across domestic and international markets that we serve.
During the quarter and nine months ended September 30, 2011, no customer accounted for more than 3% of our total revenue. During the quarter ended October 1, 2010, one customer accounted for 4% of our total revenue, and during the nine months ended October 1, 2010, two customers accounted for 5% each of our total revenue.
The Hackett Group generated gross margin as a percentage of revenue before reimbursements of 40% and 39% for the quarter and nine months ended September 30, 2011, respectively, as compared to ERP Solutions, which generated gross margin as a percentage of revenue before reimbursements of 32% and 34%, for the same periods, respectively.
Selling, General and Administrative. Selling, general and administrative costs were $14.3 million and $42.6 million for the quarter and nine months ended September 30, 2011, respectively, and $14.3 million and $42.4 million for the quarter and nine months ended October 1, 2010, respectively. Selling, general and administrative costs as a percentage of revenue before reimbursements was 28% for both the quarter and nine months ended September 30, 2011, as compared to 30% and 31%, for the quarter and nine months ended October 1, 2010, respectively, primarily due to selling, general and administrative leverage on increased revenue.
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