The Hackett Group, Inc (HCKT) has reported 79.69 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $7.87 million, or $0.24 a share in the quarter, compared with $4.38 million, or $0.13 a share for the same period last year. Revenue during the quarter grew 3.85 percent to $71.43 million from $68.78 million in the previous year period. Gross margin for the quarter expanded 43 basis points over the previous year period to 32.86 percent. Total expenses were 88.85 percent of quarterly revenues, down from 89.47 percent for the same period last year. This has led to an improvement of 62 basis points in operating margin to 11.15 percent.
Operating income for the quarter was $7.96 million, compared with $7.24 million in the previous year period.
“We reported solid operating results but more importantly, the acquisitions and alliances announced, significantly accelerate our position in critical digital transformation areas,” stated Ted A. Fernandez, Chairman & Chief executive officer of The Hackett Group. “We believe that the opportunities provided from the rapidly emerging Digital Transformation era are significant and enhancing our existing capabilities were strategic priorities.”
For the second-quarter 2017, The Hackett Group, Inc expects revenue to be in the range of $73.50 million to $75.50 million and its diluted earnings per share to be in the range of $0.24 to $0.26.
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