Most Companies Have Failed Agility Test

Hackett: Most Companies Have Failed Agility Test; Three out of Four Global 1000 Companies Cannot Drive Cost Reductions That Match Declines in Revenue, Profits

* Companies Can Net up to $1 Billion Annually By Cutting SG&A Costs

The world's largest companies have for the most part failed in their efforts to reduce the cost of functions such as Finance, IT, HR, and Procurement over the past year, exacerbating the impact of dramatic declines in revenue, profits, and earnings, according to new research from The Hackett Group, Inc. (NASDAQ: HCKT).

Hackett's analysis of the latest financial results of nearly 200 of the 1,000 largest public companies in the world that have reported Q2 2009 financial information showed that only one company in four was able to manage their Selling, General, & Administrative (SG&A) costs in line with revenue reductions over the past 12 months.

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