Earnings call transcript Q1 2023

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Operator

Welcome to The Hackett Group First Quarter Earnings Conference Call.

Your lines have been placed on a listen-only mode until the question-and-answer session. Please be advised the conference is being recorded. Hosting tonight’s call are Mr. Ted Fernandez, Chairman and CEO; and Mr. Officer. Financial Chief Ramirez, Rob

Mr. Ramirez, may begin. you

Rob Ramirez

afternoon, discuss The and you XXXX thank to us joining for Hackett Good results. everyone Group's quarter first

questions and myself, call to Ramirez, Chief and Speaking and Robert of are Officer. your CEO Group; the Chairman Ted Hackett on The Financial Fernandez, today answer here

the was PM at Eastern time. press announcement wires A released over X:XX

For www.thehackettgroup.com. a website our at copy of visit the release, please

release discussed on place any Investor contained additional on data this also statistical not call will of We in page or the the Relations our is that financial website.

performance. federal following to expected Before to related we the These and I purposes may of risk which will predict risks, expectations, a with vary. securities would may factors be current we statements our the session, future and not results, information, future our begin, filings. not remind considered and laws. like be contained the to you question-and-answer These forward-looking projections may They about that are and the difficult detailed the be that comments statements SEC the and be estimates in which statements making particularly only for assumptions in of forward-looking should involve conjunction statements results are Actual in guarantee uncertainties accurate.

this to like At point, to would over Ted. I turn it

Ted Fernandez

Thank everyone our to and you, welcome Rob first quarter call. earnings

to it cash comment over with comments results, on overview well back as some to the detailed do, call will normally on the we I then open as As turn will I comment flow quarter. outlook. operating Rob on

to we and Q&A. after up will it review then We our which, market comments, will open strategy-related

rate increases of results our each impact of we will middle started that in guidance our they performance. client resulted our provide interest in growth the economic year, of of very half let year. me the the XXXX, Before I the in disrupt that and $X.XX move comps year the our and with by to prior Fed results start QX extended and quarter making. a operating first In exceeding QX by XXXX By decision strong to mentioning had results, XXXX quarterly to

our $X.XX, digital per the to our Broadly to first at million transformation this midpoint required we of of quarterly earnings volatility for share and productivity drive and for some $XX.X speaking, reported total solutions adjusted both guidance is Also of our revenues economic quarter, the the evident, clients. but remain competitive afternoon, demand improvements range. of

QX to we quarter with up sequentially moving Oracle saw from This Segment. As turnaround was most in of engagements, pronounced be increasingly the to forward Solutions allow our significant should clients swift QX. us progressed, which the

quarterly by basis results reported global to was local and down SBT currency on a basis. continue the driven slightly down be a on which X% segment, Our

revenue to pilot continue IPaaS to benefited XX% grow the research quarter we quarter. participants advisory and our Our grow expect continue revenues the for growth exited annual contract value and to offering over from we and of in The IPaaS we add recurring higher-margin the to continue as these new offerings XXXX.

large value with to bolster selling help value their service realization software engage continue We and and to also companies efforts. them

procuring support compare considering work quarter, strategically programs to and the benchmarking the solution us also Hackett large our with additional to and programs throughout sales end-user and allow these programs programs launch capabilities. XXXX. third plan valuable to The we consulting software During to marketing is client us allow base second their providers, which efforts. intelligence launched providers services and we and market to These capabilities our the of

executive with higher-margin We our our and allow launch should along new programs, aggressive Hackett market advisory to existing platform, existing the have us IP also our with our our hiring grow to contract sales along value in related revenues member continued to recurring year. annual programs, the intelligence throughout Connect of add content to and new focused the new programs, improvements functionally continue

Solutions Oracle Segment as expected quarter. down XX% The this was

year-end to QX now the However, the of part experienced quarter, loss the up we has by segment which significant allow are is to than this team the be the into the QX. was will through which at accelerated This pleased to more expected project response QX from offset say the of of an return in strongly contract This and growth, a large number we exceptional latter year. will QX. that have of we end and its by challenge wins

segment SAP improved profits. flat reimbursements revenues Solutions as before Segment with expected and Our delivered

expect year-over-year segment second the develop quarter. have on software as platform and the Hackett and digitize made IP development our are include of offerings The we Transformation investments platforms the platforms, providers new up across all digital our be relationship research off. These global to fully sequentially Platform, the allowing differentiate or We to well a as our pay which are our also and proprietary Leap, enterprise. to of our state-of-the-art Quantum and benchmarking with that basis Digital licensing in DTP, starting highly services and us to

We in virtual which all those also IPaaS IP as well avail our expect programs. and which to QX, member as clients' to significantly launch expertise, Hackett improve research the themselves our Hackett will ability Connect platform supports

annual side, first fund previous investing to year's shares our balance performance quarter, funded bought sheet prior -- first our back quarter we in dividend. quarter's funded bonuses, and our On the our

expect down see continue the our balance year, facility. credit to the to you us should pay For of

and to our to continuing credit we be last fund As our our we more to acquisitions on discussed aggressive want in business. sheet while balance invest few with stock our current have using buyback calls, facility by

me market provide outlook. cash Rob? comment results, I on Rob and let make to strategy our With flow operating details also on comments ask conditions that comments. on Rob's said, additional following will and

Rob Ramirez

Thank Ted. you,

operating cash then XXXX. in conclude of As a quarter, an I the following of activities an for cover statistics, key our quarter and during financial do quarter of with of an discussion I'll portion related overview our first with typically our I'll along the the second topics: call, on this overview outlook XXXX results overview the flow of

of I comment Oracle regarding separately S&BT our our call, Solutions revenues the our purpose of Segment SAP segment, company. will this total Solutions Segment, For the and global

Our research as our S&BT Service the includes our programs, offerings. America our benchmarking IP onstream advisory and our results offerings, of our a transformation international North segment and global services, business

associated total Oracle note expenses results respectively. Solutions revenue our passed referencing Our the clients to SAP and are will reimbursements SAP travel-related in and no revenues from be our profitability. and and that discussions. segments through expenses include our our offerings our Solutions Reimbursable of both project Please before primarily Oracle effect we have

will measures, financial investors. believe we today, useful we our reference also provide During non-GAAP certain call which to information

earlier to We of Relations page of today the included our have GAAP information discussions and reconciliations financial will additional on press any post website. from this the the release Company's measures filed based in call Investor non-GAAP to

our revenue first the XXXX, of quarter $XX.X was For million.

million, Our line reimbursements were with in before revenues which guidance. $XX.X was our quarterly

in As when in first the year. ratio was XXXX, post the strong prior we stronger-than-expected revenues that and prior discussed of experienced X.X% to compared during reimbursements X% X.X% COVID before as expense prior QX drove on demand period half quarter, the last compared XXXX results pent-up we year. the the reimbursable same fiscal to quarter The in

increased COVID, have we experienced travel. Post client-related

S&BT same However, basis to expect the levels. pre-COVID decrease not Revenues to local segment was global expenses the same X.X% year. XXXX, transition these return Total currency of foreign million project-related global model, period QX in down market's for the from but to the travel a year, utilizing a $XX.X the was for when currency of a X% S&BT of before in quarter $XX.X of given compared do first the our million to revenues rates the XXXX. prior quarter prior reimbursements on first delivery segment we remote for our

expected Solutions revenues Total Solutions results in Segment macroeconomic quarter. off Oracle before quarter first was period our million the unfavorable reimbursements quarter. its light XXXX. $XX.X compared XX% guided in the last as the the for for Oracle our Segment was quarter, were when solid rebuilding pipeline we and per were a million the as we of conditions $XX.X of Revenues same from first decrease entered prior for and to of first Oracle XXXX Solutions as we coming of year

engagements, given the we which first will strongly closed up move now be on of significant into QX. towards quarter, end expect a a we as of the Oracle number However, basis sequential

of from for and Solutions Total same period in quarter first and Segment million research service, prior multiyear reimbursements for our XX% contracts. consists revenues, application company include of total our revenues services revenues of SAP our which compared a $XX.X increase advisory, when benchmarks year. the $XX.X million the as to multiyear Approximately managed reimbursements recurring were IP X.X% subscription-based our for were first the before an SAP XXXX. quarter, Segment Revenues for the Solutions of

XXXX. reimbursable before revenues before totaled of expenses and compensation of X,XXX in expenses company of exclude noncash higher-margin on primarily of basis million and reimbursements XXXX the $XX.X driven excludes adjusted segment previous first first S&BT to $XX.X cost reimbursements, adjusted quarter as company XX.X% compared in at the reimbursable Total global sales, stock-based XX.X% million XXXX quarter which or margin expense prior expense XX.X% or improvement consultant of gross X,XXX noncash in revenues. XX.X% compensation and revenues the company headcount of the the a margin XXX headcount year. of the company in Total of to Total the The point X,XXX quarter before of the prior compared as first quarter as the the first quarter period. in end which end was reimbursements consultant mix was to was relative by at total stock-based revenue compared of year gross

our of $XX.X quarter the the excludes asset due to are $XX.X increase investments reimbursements reimbursements Adjusted the we prior expense dedicated million This investments or XX.X% revenues intangible primarily market advisory, in IP before first was before revenues our executive of incremental year. year-over-year and is XX.X% The for benchmarking, XXXX. stock-based absolute and and in sales or compensation noncash offerings. These dollar million SG&A, of development which is approximated to in intelligence quarter resources in amortization first compared XXXX. program $X.XX service making

per $XX earnings stock-based which quarter the revenues in XX.X% or million million and the before revenues compensation to first compared reimbursements diluted of GAAP diluted year. of expense GAAP million per XX.X% share first in of in XXXX to net $X.X asset $XX.X EBITDA, of of of the the previous for amortization quarter excludes income or million or $XX.X year. before share income compared first net earnings quarter or as $X.XX totaled intangible Adjusted prior noncash as $X.XX was reimbursements of

quarter compensation common per income $XX share totaled net income, first Adjusted excludes expense or which million amortization $X.XX, per $XX.X guidance asset diluted line with million of earnings noncash year. and for is net adjusted to intangible in quarter XXXX of stock-based $X.XX the the first adjusted range. or of net of diluted the our net of compares invested income in This income prior which share

to adjusted QX actual In tax an effective reporting income moved net purposes. GAAP rate we for of XXXX,

$XX.X For the million operating in for those payment $X.XX the end to end in of results of receivable, diluted primarily when quarter net utilizing XXXX accounts of in to to cash we decreases and bonuses income Net the Company's activity. at $XX.X due of XX%. effective per in previous XXXX at prior partially year common adjusted the adjusted cash in share balances million, of a offset income quarter quarter. the activities The million of the rate noncash as by accrued increases non-GAAP you driven expenses was performance compared of reported by reported used $X.X the tax reconciled QX, were first

at outstanding the previous end Our quarter. of DSO day days the the quarter as XX was or at to end compared of days XX the sales

purchases stock During approximately per average satisfy of we as the as to the vesting income holding of $X.X $XX.XX share XXX,XXX shares from for at total the cost driven triggered quarter, by million, well shares repurchases. by repurchased of tax share a restricted Company's for employees an of

million. was Our remaining stock repurchase $XX.X the quarter of the end authorization at

June quarter to subsequent to quarter meeting, end its the on $X million Company's total XXXX. July At record on declared Directors XXXX, credit Board most share on quarterly balance XX, During the Company's shareholders down dividend of X, of approximately first The the the recent $X.XX million. paid $XX is debt Company the attending end, the of the facility. of paid be at per our second quarter, for of

for second the the our guidance. total of million and to XXXX the of range million. reimbursements revenue estimates moving XXXX of to currently Company quarter $XX.X Now $XX in be before The quarter second to

result as compared prior We engagements. extended we in expect year growth business expect slightly revenue transformation before to the slowing global economic S&BT reimbursements to be down and client segment when to decision-making

up and before expect compared be on We be when Oracle Segment the sequential to slightly Solutions year. a down to only prior to basis strongly revenue reimbursements

year-over-year expect income adjusted GAAP the of to We share Segment quarter SAP to a to basis. up adjusted per in rate reimbursements We estimate assumes before be of in common $X.XX of a $X.XX, range revenue be XX%. on tax Solutions second on effective XXXX net earnings diluted the which

second share are per dedicated in quarter, as net sales the to incremental prior expected incremental our making our quarter our impact are These Ted market common will executive approximately advisory, to compared development the investments As and when last continued year. and we the costs $X.XX resources mentioned offerings. income IP program for benchmarking intelligence a service for reflect diluted

be to approximately We on expect adjusted gross to before reimbursements XX% XX%. margin revenues

the million. be second to expect for adjusted quarter interest SG&A expense $XX.X We approximately and

quarter on reimbursements to revenues second before range be of EBITDA XX% We to expect approximately the XX%. adjusted in

expect operations we on a from flow basis. cash be up to Lastly, sequential

to At to I and priorities would over back for months. this to our it point, market strategic coming Ted review like turn the outlook

Ted Fernandez

Rob. you, Thank

As demand digital as transformation interest created we environment and demand disruption, offers thoughts share increasing it being impacted the competing decision-making it near affect. me for the our and is long-term and intended which Demand priorities forward, is let organization. by growth on to by look rates opportunity the extended organization's asset our

services. the deliver fundamentally clear artificial targeted compete are realize new activities and an to to and to forcing way Digital redefining all for Digital transformation organizations change infrastructure capabilities and continues competitive clients. influencing and accelerated at strategic workflow enterprise adopt our it businesses cloud their However, is these pace, be priority automation applications, remain productivity a analytics dramatically and cloud and to intelligence, innovation gains.

reductions clients to make year-end which comfortable rebalance of with offerings. core clients at our the planning our headcount and the the risk, year reduction use We efforts, spend productivity more the and are become the believe We process also industry beginning assess cost will see the spend believe and to behavior disruption not with our last in their of will us, QX the did year-over-year the first of improve many half experience will comps year, the economic be headwinds throughout demand we and the and until of more to by year. strong Similar late of year. clients challenged strategic

the year. we in the year. comps favorable second this the of we If correct, from will second we half the -- improvement first more face the are will half support the behavior half most However, will of to further expect

demanding and This to travel our respective historical industry. remotely, turnover On the very attract have retain talent This perform Longer hybrid our a talent the to struggled expect responsibilities and our us to to teams. access their we to the personal which sale with of of effective side, of retain with to to defined competition for provides we model, flexibility continue. their trend experienced to executives associates hybrid that continues, moderate provides but which model term, that a and greater is delivery because we them. allow continue saw valuable have quarter clients us during should transitioned requirements

increasing development resources new Strategically, approximately are QX high-margin accelerating programs focus on we to IP-related by our sales this dedicated area. investment recurring marketing the by This and of will and $X.XX. results our decrease services

in functionality investment introduce Additionally member we on Connect will our new on continue XXXX. AI Hackett CapEx platform our and side, the

XX% from likely excess This services This our to business effect on our and research we to technology last put, clients services. who IP, years. is also benchmarking utilize in downstream continue organizations over the our benchmarking our of services. important advisory consulting transformation consulting to are several has more halo through see note rely strong that research been and revenues Simply and

efforts, Like other our exploring markets our continue of been relationship beyond this our slowly X,XXX April to from we will X. IP. through our agreement recurring offered as launched reach strategic manner. first are build will explore our allow that new segments efficient that us allow and and have channels, to content high-margin syndicate partnerships or We our IP in and expect an revenue licensing focus new to new We on Global syndication to us IP

to We our We Leap, over market. our leverage enhancements flow compelling to effort. transformation us the more leadership the to with also their decisions respective through our platforms process also and along there believe realization and significantly IP-led create IP that platforms less benefit digital in in to transformation Software-as-a-Service assessments, allow of the case initiatives software are platform. our accelerate benchmarking of It solution continue information client no with comparable configuration global track value allows redefine effort. deliver benchmarking Quantum These digital clients life

have previous XX-minute of website Relations a added have our we Investor to the I capabilities platforms. with our calls, so page As demo that can investors familiar mentioning become been on our more of

will in demo months. with newly be We the launched our also few platform updating our Hackett Connect next

we though acquisitions scale believe offerings our we accelerate strategically scope, leverage even growth. to we for IP and and that look or the our and grow can alliances to base business, continue Lastly, have which that client our capability, add

clients our me may challenges always let thanking encounter. on no focused performance their always, and we and close for As what our urge to associates tireless congratulating highly on matter our and efforts our stay by them people, them by

my comments. conclude Those

section over Let to let's it our and me call. Q&A turn of Operator? move operator to over our the

Operator

[Operator Hallum. Instructions] Craig first is Our with call George Sutton

George Sutton

walk wins through that I wondered Oracle you that if Ted, quarter mentioned. late the saw you could the you in

was particularly give of late relative loss a Just to last believe sort quantification I what year. us seven-figure any high

Ted Fernandez

next we lost which is resonates strongly had equal the Oracle late the clearly have configure the there channel to for us in a a in X least or George. that for and position remainder in of it We one Oracle but QX, and way, One, had -- about we What got multimillion-dollar the value on wins, we one relationship our couple. Oracle X of with a one our most were -- that happy to you had numerous, to the size question it the least quarter so at wasn't unique ability the and year. really present ability that one Thank demonstrates at differentiated we're message our we marketplace.

they've last competitive very able cannot in team for our were the Oracle environment days that. XX headwinds, that commend I we for strong So to -- the a team do really had.

George Sutton

you Could Intelligence launched the program. Market that three the update an give us programs now under you've on

a what Just the have any us scale demand that give further of anticipating? sense of And might relative the to you thoughts been program? on

Ted Fernandez

I rank software At in we in management. which those published launched pay mentioned, those two specifically who quarter, from those customer As been compare we program, our outsourcing and Participation the program, strong both directly. the the to will in has focus first services. finance our beginning procure of receivables to on area of not participate vendors and cash we in we limit accounting and and that more

we're our these on can. So make perspective possibly expanding to each providers many are of as sure as we segments we in going that

reviewed the the that of remainder for are scheduled programs actually We the year.

areas So year HR the you'll get software, goal and next move eight out next be identify the balance was on then or probably trying we'll extending assessment and to now we year, close to done, to from that's something value . we'll a areas The here which it's year our able GBS the programs, think that's realized nine with HCM, the be by broader into ERP we've is to longer procurement to the though because be see of into little outsourcing as taken and goal guidance not software on us marketplace end these be launched beyond even from of and that us had. as get clearly the but EPM has first in taking aggressively anything into few to distinct in two extend and a the speak anyone the is provide as from and investments, in the on the

think -- of it, even and are So least advisory the programs put then focused the today, research then at to nine will of will let's the plan programs which programs, number launch, we we call of which programs which executive equal in quality context just would be existing will programs, we're programs. meaningful. one we participation functionally that behind, the though we say call running, have These I -- total the product, to which are advisory-related nine quarter

to least number is double the goal the at of our to launch we the beginning So doubling year. had the try at

dollar of marketing our done some And -- who think or strategic client time or look, not benchmarks want let's well to opportunities very each only who our over the that in clients. able services forget serve over depending software on end-user of these multimillion areas. we -- support these the providers base us more not But how and importantly, participate for we're large has that programs XX,XXX we've to

able have We a So coverage. we real become influencer to just see ourselves as this immense being space. this having in

way idea I this of and I'll some the time value being the call able in client. has. leading, of the to like the Power services services, resonates voice other So hope them J.D. area automotive in that capture realization software over

got we're -- high these programs. So some expectations for very we've

Operator

with Our [Operator Martin next Jeff is Instructions] MKM. Roth call from

Jeff Martin

I the half there year, are decision-making. first getting may wanted from other than extended that clients of open delayed reasons respect second the get half with feedback difficult Are other sense up. to that in the you to a the the comparisons

curious that tangible clients if hearing? anything you Just you're from have

Ted Fernandez

economic not demand is demand. the impacting client That's only increase rates services. to It's Yes. going that. slow our It's the for in the

again, that they everyone So having we achieve growth see we reprioritize clearly kind really to though hope across industry revenue from we in XXXX in and work achieved those one the it's there, exclude are headwinds industry, to harder another. the see to no, they achieve XXXX. -- even to -- they're having because But can't of is

their as then able gains then productivity digital them seeing they more from being leveraging as that technology clients to also critical. that clients come and services get fact the sell emerging ignore the we're understand if their that well engage is But effectively help transformation initiatives as equally can that

to continue that balance We comfortable what year. trying year. that just could there sitting getting sense as that more the they're rebalance the to becoming of the interest these and we through means. expect rates that a They're are mean what through of people So the to with balance just better think

favorable we those think to of the comps, environment, hope favorable will more be with demand we're we right. things All

Jeff Martin

And of made, Great. that the quarter a are then a that expecting with primarily is in significant within the personnel? what to how in being the seeing or for Are you respect Market obviously, sales Intelligence investments And Market terms Intelligence of $X.XX are curious investments in cycle investment strategy? you the various And those is sales of what platforms you. are much programs?

Ted Fernandez

to least the We to XX% Well, first, global building sales that new at joined lucky just -- attract group. successful for a leader and these the been We investment group. were X, that has terrific new of April Intelligence. resources scope -- is it's sales of addition we we're senior just think narrowing a but not to team. not -- the our Market We're

intended the will number Market to market. take these teams Intelligence of is double to programs that

then as So have functionally programs they focused to advisory those existing chance on the interim, programs. executive drive the programs. new they'll can through roll focused But in those be revenue a out,

Some activities. IPaaS resources are on focused highly the related

program. recurring of regardless would revenues the responsible team for of characterize So I growth high-margin being the as

So will just to they to Intelligence Market just sure what add inventory sell. make it's

XXXX. we enter time So as we'd product them the like to by give twice much

we bit sell from But given a earlier had product programs they've on year. we little a more lot lack We in that them inventory got And wish the market in to many yes, ahead clients. plenty I these regions. our coverage of were of

significant but significant the a planned. to is So we as we continue will resources a think we there's It investment, add payback.

Jeff Martin

one could. if And Great. I more, then

intelligence strategy? offering XXXX. launch into artificial mentioned in your existing how plays that You Curious

Ted Fernandez

advisory Well, entry as into research you building of here is can new Hackett Connect members, imagine, out portal, to point the and Market experts. our Hackett which our access the basically users IPaaS or to all we're Intelligence IP member sitting our and

is evaluating of we we prioritize go those to those we're to right be. the I'm what functionality of and -- going what understand immediately, QX, in could priorities sure the started some how now A So research changes lot evaluating. early making

one in sure so, that we not doing to was clients. make to Number make IP available we any of jeopardize objective that the do

tremendous middle amount the -- the a in groundwork in So of interim.

XXXX that to and in it you a those and out capabilities for being them opportunities just can already so through as leveraging XXXX. Hackett got the start the But Our what if call dedicated plan prioritizing of we've balance team, some with portal. the very start laid delivering year was that Connect, can evaluating detailed be functionality prioritizing want we of

Operator

is And Barrington Vincent our with next call Colicchio Research.

Vincent Colicchio

Yes. Ted, the to good Solutions some it's hear making Oracle side. you're progress on

expect Just pipeline the SAP to return progressing may is and how curious, when to growth? you sequential that

Ted Fernandez

notice. sequentially know to QX. I Well, I both the be up and want year-over-year in call he's if don't caught comments on the but SAP will

something and the Oracle again both. we of So as the solid we're both side, think is to as year the possible, in that ahead which address wanted SAP on early schedule on progress I

Vincent Colicchio

and or Are a cancellations factor -- still Oracle are delays SAP you businesses? the in

Ted Fernandez

little We example you converting this really The part sit last quarter. I can't give specific were us, here that longer that took a the year focused the quarter. on of answer pipeline really came through bit especially latter the of very end in is and yes. in strongly a expect at expect be need this anything any more But that encounter, could don't to to it yes, in themselves. guess to their be look, clients year. would they I'm you in I any on decisions. that they environment, second what different cases, depending in And be with certain But assuming judicious for

Vincent Colicchio

IPaaS that are close maybe to right way? an pipeline, on And negotiations update in could coming the you your provide out

Ted Fernandez

more couple quarter. a launching we're Well, second in pilots here the

but companies So those the as And we through get activity on gauge us multiyear be been we year relationship. multiyear balance -- trying into and space significant move are question hoping pilots a to client relationship. do continue in we to conversations to is more need more an meaningful that continue these the add more can period and we're for become good. to that some that basis a a We're meaningful opportunities. much The evaluating the intro of to before of has partner-by-partner move to

Vincent Colicchio

me, your valuations priorities current improving? if you M&A for last And and remind could are us

Ted Fernandez

I don't focused our know to very identify. and out combine businesses, to a But have -- are us. if hard valuations on people improving, unique trying are been been those reaching priority to way but has research-related identify of has

So we those with stay conversations good actively for be to a in that fit us. continue involved could

Operator

now showing time, no And we're at will further turn Mr. questions. call Fernandez. to I this the back

Ted Fernandez

for look first everyone our forward Thank earnings call second and to we participating you. quarter updating for the thank when look you in quarter. me again Let we

Operator

today's conference. Thank participating. for concludes this you And

You and rest may of this have a your day. disconnect at time great

The Hackett Group, Inc. (HCKT) 9 May 232023 Q1 Earnings call transcript