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Dec 31, 2022
Alight Q4 2022 Earnings Report
Alight's Q4 2022 results were reported, with revenue increasing by 9.0% and BPaaS revenue growing by 61.3%.
Key Takeaways
Alight reported a 9.0% increase in revenue to $942 million for Q4 2022, driven by growth in Employer Solutions and BPaaS. The company's BPaaS bookings increased significantly, and Adjusted EBITDA also saw a substantial rise.
Revenue increased by 9.0% to $942 million.
BPaaS revenue grew by 61.3% to $171 million, representing 18.2% of total revenue.
BPaaS bookings increased by 114.7% to $307 million.
Adjusted EBITDA increased 27.4% to $242 million.
Alight
Alight
Alight Revenue by Segment
Revenue by Segment
BPaaS Revenue
CapyFin.com Forward Guidance
The Company is introducing its full-year 2023 outlook: •Revenue of $3.47 billion to $3.51 billion (growth of 11% to 12%) on a higher 2022 revenue base than the Company’s original guidance. •Adjusted EBITDA in the range of $735 million to $750 million (growth of 12% to 14%). •Adjusted diluted EPS of $0.62 to $0.67 (growth of 9% to 18%). •BPaaS total contract value bookings of $900 million to $1.0 billion. •Operating Cash Flow Conversion rate of 45-55%, up from 43% in the prior year.
Positive Outlook
- Revenue of $3.47 billion to $3.51 billion (growth of 11% to 12%) on a higher 2022 revenue base than the Company’s original guidance.
- Adjusted EBITDA in the range of $735 million to $750 million (growth of 12% to 14%).
- Adjusted diluted EPS of $0.62 to $0.67 (growth of 9% to 18%).
- BPaaS total contract value bookings of $900 million to $1.0 billion.
- Operating Cash Flow Conversion rate of 45-55%, up from 43% in the prior year.