Loading...
•
Mar 31, 2024
Alight Q1 2024 Earnings Report
Alight's Q1 2024 results were reported, with BPaaS revenue increasing and the agreement to sell the Payroll and Professional Services business announced.
Key Takeaways
Alight, Inc. reported a decrease in revenue but growth in BPaaS revenue for the first quarter ended March 31, 2024. The company announced an agreement to sell its Payroll and Professional Services business and is nearing completion of its cloud migration project.
Revenue decreased by 4.6% to $559 million.
BPaaS revenue grew by 20.6% to $117 million, representing 20.9% of total revenue.
Net loss increased by $37 million to $121 million.
Adjusted diluted earnings per share increased to $0.10 compared to $0.09 in the prior year period.
Revenue by Segment
Forward Guidance
The company is reaffirming its mid-term outlook and expects to update its full-year 2024 financial guidance after closing the Payroll & Professional Services business transaction.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...