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Sep 30, 2022
Alight Q3 2022 Earnings Report
Alight reported third quarter results, achieving revenue growth and demonstrating the value of its Alight Worklife platform.
Key Takeaways
Alight reported an 8.7% increase in revenue to $750 million, driven by Employer Solutions. BPaaS revenue grew by 55.7%. The company incurred a net loss of $45 million compared to a net loss of $120 million in the prior year. The company is reaffirming its full-year 2022 outlook.
Revenue grew by 8.7% to $750 million.
Employer Solutions revenue increased by 9.9%.
BPaaS revenue grew by 55.7%, representing 20.1% of total revenue.
The company is reaffirming its full-year 2022 outlook.
Forward Guidance
The Company is reaffirming 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 to $662 million.
- Adjusted diluted EPS of $0.54 to $0.60.
- BPaaS total contract value bookings of $680 to $700 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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