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Mar 31, 2022
Alight Q1 2022 Earnings Report
Alight reported first quarter 2022 results with revenue growth and improved net loss.
Key Takeaways
Alight reported a 5.2% increase in revenue to $725 million and an improved net loss of $(13) million. BPaaS revenue grew by 22.6% to $114 million, and BPaaS bookings more than tripled to $122 million. The company is reiterating its 2022 revenue and Adjusted EBITDA outlook and 2023 10% revenue growth target.
Revenue increased by 5.2% to $725 million.
Net loss improved to $(13) million from $(21) million.
BPaaS revenue grew by 22.6%, representing 15.7% of total revenue.
BPaaS bookings more than tripled to $122 million.
Alight
Alight
Alight Revenue by Segment
Revenue by Segment
BPaaS Revenue
CapyFin.com Forward Guidance
The Company is affirming its full-year 2022 outlook
Positive Outlook
- Revenue of $3.09 to $3.12 billion (growth of 6% to 7%).
- Adjusted EBITDA in the range of $650 million to $662 million.
- Adjusted diluted EPS of $0.54 to $0.60.
- BPaaS total contract value bookings of $680 to $700 million.