The Hackett Group, Inc. (NASDAQ:HCKT) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET
Company Participants
Ted Fernandez - Chairman & CEO
Rob Ramirez - CFO
Conference Call Participants
George Sutton - Craig Hallum
Jeff Martin - ROTH Capital Partners
Vincent Colicchio - Barrington Research
Operator
Welcome to the Hackett Group Second Quarter Earnings Conference Call. [Operator Instructions]. Hosting tonight's call are Mr. Ted Fernandez, Chairman and CEO, and Mr. Rob Ramirez, Chief Financial Officer, Mr. Ramirez, you may begin
Rob Ramirez
Good afternoon everyone, and thank you for joining us to discuss the Hackett Group's second quarter results, speaking on the call today I'm here to answer your questions, are Ted Fernandez, Chairman and Chief Executive Officer of the Hackett Group, and myself. Robert Ramirez, Chief Financial Officer, a press announcement was released over the wires at 4:05PM Eastern Time. For a copy of the release, please visit our website at www.thehackettgroup.com
We will also place any additional financial or statistical data discussed on this call that is not contained in the release on the investor relations page of our website. Before we begin, I would like to remind you that in the following comments and in the question and answer session, we will be making statements about expected future results, which may be forward looking statements for the purposes of the Federal Securities Laws. These statements relate to our current expectations, estimates and projections and are not the guarantee of future performance. They involve risks, uncertainties and assumptions are difficult to predict and which may not be accurate. Actual results may vary.
These forward looking statements should be considered only in conjunction with the detailed information, particularly the risk factors that are contained in our SEC files.
At this point I would like to turn over to Ted.
Ted Fernandez
Thank you, Rob, and welcome everyone to our second quarter earnings call. As we normally do I will open the call with some overview comments on the quarter. I will then turn it back over to Rob to comment on the detailed operating results cash flow, as well as comment on outlook. We will then review our market and strategy related comments, after which we will open it up to Q&A.
This afternoon, we reported total revenues of $77.7 million and revenues before reimbursements of $75.9 million, which was above the high end of our guidance and adjusted earnings per share of $0.39 cents, which was at the high end of our guidance. Our results were driven by the overperformance of both our Oracle and SAP sectors. Oracle's overperformance is consistent with the momentum that it has experienced in the second quarter of last year, a recent important development is the notable increase in the demand we continue to experience in our historically strong Enterprise Performance Management offerings.