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Jun 30, 2022
Alight Q2 2022 Earnings Report
Alight's revenue grew, driven by Employer Solutions and BPaaS, with increased net income and strategic investments.
Key Takeaways
Alight reported a 6.4% increase in revenue to $715 million, driven by a 7.9% growth in Employer Solutions revenue and a 36.2% surge in BPaaS revenue. Net income rose to $52 million, a significant improvement from the prior year's net loss. The company is focused on expanding its Alight Worklife platform and securing new client wins, while reiterating its full-year 2022 outlook and authorizing a $100 million stock repurchase program.
Revenue grew by 6.4% to $715 million, with Employer Solutions revenue increasing by 7.9%.
Net income improved to $52 million, compared to a net loss of $4 million in the previous year.
BPaaS revenue grew significantly by 36.2%, representing 17.9% of total revenue.
The company authorized a $100 million stock repurchase program.
Revenue by Segment
Forward Guidance
The Company is affirming its full-year 2022 outlook and providing an outlook for the second half of 2022 to provide better insight into the seasonality of the business.
Positive Outlook
- Revenue of $3.09 to $3.12 billion (growth of 6% to 7%).
- Adjusted EBITDA in the range of $650 to $662 million.
- Adjusted diluted EPS of $0.54 to $0.60.
- BPaaS total contract value bookings of $680 to $700 million.
- For the third quarter of 2022, revenue of $735 to $750 million and Adjusted EBITDA of $115 to $125 million.
Challenges Ahead
- For the fourth quarter of 2022, revenue of $915 to $930 million and Adjusted EBITDA of $245 to $255 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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