The Hackett Group, Inc.

Welcome to the Hackett Group third quarter earnings conference call. Your lines have been placed in a listen-only mode until the question-and-answer session. Please be advised that the conference is being recorded. Hosting tonight's calls are Mr. Ted Fernandez, Chairman and CEO, and Mr. Rob Ramirez, Chief Financial Officer. Mr. Ramirez, you may begin.

Good afternoon, everyone, and thank you for joining us to discuss the Hackett Group's third quarter results. Speaking on the call today and here to answer your questions are Ted Fernandez, Chairman and CEO of the Hackett Group, and myself, Rob Ramirez, Chief Financial Officer. A press announcement was released over the wires at 4.05 p.m. Eastern Time. For a copy of the release, please visit our website at www.thehackettgroup.com. 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 a guarantee of future performance. They involve risks, uncertainties and assumptions that are difficult to predict and which may not be accurate, especially in light of COVID-19. Actual results may vary. These forward-looking statements should be considered only in conjunction with the detailed information, particularly the risk factors contained in our SEC files. At this point, I would like to turn it over to Ted.

Thank you, Rob, and welcome everyone to our third 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 detailed operating results, cash flow, as well as to comment on outlook. We will then review our market and strategy-related comments, and then we will proceed to Q&A. I would like to start by continuing to acknowledge those dedicated individuals who have continued to work nonstop and under very dangerous circumstances to support us all during this pandemic. I also want to acknowledge our associates and clients that quickly and successfully adapted to the remote delivery requirements around the globe. It goes without saying, we eagerly wait for the conditions that will allow us to return to our next normal. As we communicated at the end of Q2, we were experiencing increased meeting counts and engagement, and we expected both revenue and profitability to start to recover in Q3. This increased activity continued through the quarter, and I am pleased to announce today that our actual Q3 results exceeded our expectations. This afternoon, we reported net revenues of $57.8 million and pro forma earnings per share of 17 cents. Net revenues were up 10% sequentially with EPS up strongly from our lockdown compromised Q2 results. U.S. sequential revenue growth was led by the strong bounce back of our Strategy and Business Transformation Group and the continued growth of our SAP and One Screen practices. On the international front, Europe was also up strong sequentially. The investments we have made to fully digitize all of our IP, the development of our IP as a service platform, Quantum Leap, our state-of-the-art global leading benchmarking platform, and our proprietary Hackett Digital Transformation Platform, or DTP, are highly differentiating our offerings and will continue to be important drivers of our growth for many years to come. Additionally, our investments with rapidly growing e-procurement, cloud analytics, and other workflow automation providers also continue to be key to our digital transformation strategy and are important future drivers of our growth strategy as well. On the balance sheet side, our ability to generate strong cash flow from operations has allowed us to continue our dividend, buy back stock and fund acquisitions we identify while continuing to invest in our business. It is important to reiterate how important it was to start the year with such a strong cash position and no outstanding debt, which has provided us with the ability to properly manage the demand disruption that we have experienced. With that said, let me ask Rob to provide details on our operating results, cash flow, and also comment on outlook. I will make additional comments on strategy and market conditions following Rob's comments. Rob?