Exhibit 99.1

Contact:

Robert A. Ramirez, CFO, 305-375-8005 or rramirez@thehackettgroup.com

The Hackett Group Announces Record Third Quarter 2016 Results

· Q3 2016 revenue of $74.1 million, up 10% from prior year, and pro forma EPS of $0.25, up 25% from prior year, and both exceeding high-end of guidance.

· Company declares semi-annual dividend of $0.13 per share for shareholders of record on December 22, 2016, which will be paid on January 5, 2017.

MIAMI, FL – November 7, 2016 - The Hackett Group, Inc. (NASDAQ: HCKT), a global intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm, today announced its financial results for the third quarter, which ended on September 30, 2016.

Q3 2016 revenue was $74.1 million, up 10% from prior year. Q3 2016 pro forma diluted earnings per share were $0.25, up 25%, when compared to $0.20 for the same period in 2015.  Pro forma information is provided to enhance the understanding of the Company's financial performance and is reconciled to the Company's GAAP information in the accompanying tables.

GAAP diluted earnings per share were $0.17 for the third quarter of 2016, up 70%, as compared to $0.10 in the third quarter of 2015.

At the end of the third quarter of 2016, the Company’s cash balances were $14.4 million. During the third quarter of 2016, the Company utilized cash to repurchase 34 thousand shares of the Company’s common stock at an average price per share of $14.76 for a total of approximately $0.5 million. Approximately $4.4 million remained available under the Company’s share repurchase program at the end of the quarter. In addition, during the third quarter of 2016, the Company repaid $9.0 million of borrowings on its debt facility.

In its recent meeting, the Company's Board of Directors declared the payment of its second semi-annual dividend of $0.13 per share for shareholders of record on December 22, 2016. This dividend will be paid on January 5, 2017. 

“We reported another strong quarter driven by solid US results and improved European activity and results,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc.  “Additionally, we continue to build our new best practices “IP as a Service” offerings and see opportunities to expand existing alliances as well as introduce new offerings.”

Based on the current economic outlook, the Company estimates total revenue for the fourth quarter of 2016 to be in the range of $67.0 million to $69.0 million, and estimates pro forma diluted earnings per share to be in the range of $0.23 to $0.25.  At the high-end of guidance, EPS would increase 19%, when compared to prior year.

Other Highlights

European Best Practices Conference - “Creating Agility in the Digital World” was the theme of the 2016 European Best Practices Conference in London organized by The Hackett Group. Nearly 200 executives attended the event which featured presentations by leaders in finance, EPM, procurement, HR, global business services and working capital management from 15 of the largest and most successful companies in Europe, including: ABB, ADP, BASF, Fujitsu, GlaxoSmithKline, Royal BAM Group, UCB, UPM and Verizon. In addition, The Hackett Group’s research leaders hosted presentations focusing on the latest benchmark findings and best practices insights in a wide range of business functional areas. 

Working Capital Study Results – REL, a division of The Hackett Group, published new working capital research showing that the largest public companies in the U.S. chose to go even further into debt in 2015 instead of driving cash out of their businesses by improving how they collect from customers, pay suppliers, and manage inventory. Overall working capital performance continued to degrade, reaching poorest performance levels since the 2008 financial crisis. A significant factor in this year’s overall results was low oil prices, which caused oil and gas companies to increase reserves, dramatically worsening both their inventory and overall working capital performance, and dragging down the performance of the entire survey group.

World-Class Finance Research – The Hackett Group issued research showing that world-class finance organizations now spend 42% less than typical companies and use 44% fewer staff, while at the same time driving higher levels of effectiveness, agility, and insight. The research finds that digital business transformation is one of five initiatives key to achieving world-class performance. Digital technology is creating new opportunities to transform finance service delivery, and world-class finance organizations focus greater resources in this area. World-class finance organizations also enable analytics-based decision making to generate insights that improve enterprise agility.

On Monday, November 7, 2016, senior management will discuss third quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 779-3138, [Passcode: Third Quarter, Leader: Ted A. Fernandez].  For International callers, please dial (517) 308-9381.

Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Monday, November 7, 2016 and will run through 5:00 P.M. ET on Monday, November 21, 2016. To access the rebroadcast, please dial (800) 945-7249. For International callers, please dial (402) 220-3565.

In addition, The Hackett Group will also be webcasting this conference call live through the StreetEvents.com service.  To participate, simply visit http://www.thehackettgroup.com approximately 10 minutes prior to the start of the call and click on the conference call link provided.  An online replay of the call will be available after 8:00 P.M. ET on Monday, November 7, 2016 and will run through 5:00 P.M. ET on Monday, November 21, 2016. To access the replay, visit http://www.thehackettgroup.com or http://www.streetevents.com.

About The Hackett Group

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. ‎Services include business transformation, enterprise performance management, working capital management, and global business services. ‎ The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.

The Hackett Group has completed more than 11,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 86% of the Fortune 100, 87% of the DAX 30 and 52% of the FTSE 100.‎ These studies drive its Best Practice Intelligence Center which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance. 

More information on The Hackett Group is available at: www.thehackettgroup.com,  info@thehackettgroup.com, or by calling (770) 225-3600.

# # #

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks, uncertainties and other factors that may cause The Hackett Group's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, the ability of our products, services, or offerings mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to retain existing business, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable due to the bankruptcy or financial difficulties of our customers, risks of competition, price and margin trends, foreign currency fluctuations, changes in general economic conditions and interest rates, our ability to obtain debt financing through additional borrowings under an amendment to our existing credit facility as well as other risks detailed in our Company's Annual Report on Form 10-K for the most recent fiscal year filed with the Securities and Exchange Commission. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Page 4 of 6 - The Hackett Group, Inc. Announces Third Quarter Results
The Hackett Group, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
		Quarter Ended				Nine Months Ended
		September 30,		October 2,		September 30,		October 2,
		2016		2015		2016		2015
Revenue:
Revenue before reimbursements ("net revenue")	$	66,810	$	59,992	$	196,961	$	174,320
Reimbursements		7,308		7,225		21,548		20,266
Total revenue		74,118		67,217		218,509		194,586
Costs and expenses:
Cost of service:
Personnel costs before reimbursable expenses		40,621		36,231		120,866		106,272
Non-cash stock compensation expense		1,135		1,372		3,318		3,463
Acquisition-related non-cash stock compensation expense		315		251		898		677
Reimbursable expenses		7,308		7,225		21,548		20,266
Total cost of service		49,379		45,079		146,630		130,678
Selling, general and administrative costs		14,664		14,579		43,918		43,516
Non-cash stock compensation expense		793		2,068		2,251		3,123
Amortization of intangible assets		275		548		825		1,642
Total selling, general, and administrative expenses		15,732		17,195		46,994		48,281
Total costs and operating expenses		65,111		62,274		193,624		178,959
Income from operations		9,007		4,943		24,885		15,627
Other income (expense):
Interest income		-		1		-		3
Interest expense		(137)		(102)		(288)		(351)
Income from operations before income taxes		8,870		4,842		24,597		15,279
Income tax expense		3,382		1,784		9,281		5,525
Net income	$	5,488	$	3,058	$	15,316	$	9,754
Basic net income per common share:
Income per common share from operations	$	0.19	$	0.11	$	0.52	$	0.34
Weighted average common shares outstanding		28,579		28,755		29,251		28,675
Diluted net income per common share:
Income per common share from operations	$	0.17	$	0.10	$	0.47	$	0.32
Weighted average common and common equivalent shares outstanding		32,375		31,488		32,870		30,765
Pro forma data (1):
Income from operations before income taxes	$	8,870	$	4,842	$	24,597	$	15,279
Non-cash stock compensation expense		1,928		3,440		5,569		6,586
Acquisition-related non-cash stock compensation expense		315		251		898		677
Amortization of intangible assets		275		548		825		1,642
Pro forma income before income taxes		11,388		9,081		31,889		24,184
Pro forma income tax expense		3,416		2,724		9,567		7,255
Pro forma net income	$	7,972	$	6,357	$	22,322	$	16,929
Pro forma basic net income per common share	$	0.28	$	0.22	$	0.76	$	0.59
Weighted average common shares outstanding		28,579		28,755		29,251		28,675
Pro forma diluted net income per common share	$	0.25	$	0.20	$	0.68	$	0.55
Weighted average common and common equivalent shares outstanding		32,375		31,488		32,870		30,765
(1) The Company provides pro forma earnings results (which exclude the amortization of intangible assets, stock compensation expense,
acquisition-related costs and include a normalized tax rate, which is our long term projected cash tax rate) as a complement to results provided in accordance with
Generally Accepted Accounting Principles (GAAP). These non-GAAP results are provided to enhance the overall users' understanding of the Company's current
financial performance and its prospects for the future. The Company believes the non-GAAP results provide useful information to both management and investors

by excluding certain expenses that it believes are not indicative of its core operating results. The non-GAAP measures are included to provide investors and

management with an alternative method for assessing operating results in a manner that is focused on the performance of ongoing operations and to provide a

more consistent basis for comparison between quarters.  Further, these non-GAAP results are one of the primary indicators management uses for planning and

forecasting in future periods.   In addition, since the Company has historically reported non-GAAP results to the investment community, it believes the continued

inclusion of non-GAAP results provides consistency in its financial reporting. The presentation of this additional information should not be considered in isolation

or as a substitute for results prepared in accordance with GAAP.

Page 5 of 6 - The Hackett Group, Inc. Announces Third Quarter Results
The Hackett Group, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
			September 30,		January 1,
			2016		2016
	ASSETS
	Current assets:
	Cash and cash equivalents	$	14,360	$	23,503
	Accounts receivable and unbilled revenue, net		47,944		42,046
	Prepaid expenses and other current assets		2,241		1,938
	Total current assets		64,545		67,487
	Property and equipment, net		14,283		14,102
	Other assets		3,208		4,206
	Goodwill, net		73,029		74,584
	Total assets	$	155,065	$	160,379
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Current liabilities:
	Accounts payable	$	6,210	$	8,300
	Accrued expenses and other liabilities		42,688		41,812
	Total current liabilities		48,898		50,112
	Long-term deferred tax liability, net		10,713		8,123
	Long-term debt		12,572		-
	Total liabilities		72,183		58,235
	Shareholders' equity		82,882		102,144
	Total liabilities and shareholders' equity	$	155,065	$	160,379

Page 6 of 6 - The Hackett Group, Inc. Announces Third Quarter Results
The Hackett Group, Inc.
SUPPLEMENTAL FINANCIAL DATA
(unaudited)
		Quarter Ended
		September 30,		July 1,		October 2,
		2016		2016		2015
Revenue Breakdown by Group:
(in thousands)
The Hackett Group (2)	$	62,610	$	65,747	$	58,174
ERP Solutions (3)		11,508		9,866		9,043
Total revenue	$	74,118	$	75,613	$	67,217
Revenue Concentration:
(% of total revenue)
Top customer		4%		4%		4%
Top 5 customers		15%		15%		16%
Top 10 customers		26%		25%		27%
Key Metrics and Other Financial Data:
Total Company:
Consultant headcount		942		926		827
Total headcount		1,158		1,134		1,027
Days sales outstanding (DSO)		59		57		60
Cash provided by operating activities (in thousands)	$	13,033	$	7,243	$	12,546
Depreciation (in thousands)	$	618	$	621	$	651
Amortization (in thousands)	$	275	$	275	$	548
The Hackett Group (in thousands):
The Hackett Group annualized revenue per professional (2)	$	360	$	397	$	396
ERP Solutions:
ERP Solutions consultant utilization rate (3)		76%		78%		75%
ERP Solutions gross billing rate per hour (3)	$	134	$	119	$	132
Shares Repurchased Under the Share Repurchase Plan:
Shares purchased (in thousands)		30		1,722		-
Cost of shares repurchased (in thousands)	$	449	$	25,361	$	-
Average price per share of shares purchased	$	14.84	$	14.73	$	-
Remaining Plan authorization (in thousands)	$	4,433	$	4,883	$	2,309
Shares Purchased to Satisfy Employee Net Vesting Obligations:
Shares purchased (in thousands)		4		29		5
Cost of shares purchased (in thousands)	$	50	$	422	$	65
Average price per share of shares purchased	$	14.03	$	14.36	$	13.99
(2) The Hackett Group encompasses the Benchmarking, Business Transformation and Executive Advisory groups, and EPM Groups.
(3) ERP Solutions encompasses Best Practice Implementation of ERP Software, the SAP group, approximately 40% of which are offshore resources.
(4) Certain reclassifications have been made to conform with current reporting requirements.