Alight Q3 revenue rises 8.7% to $750M; BPaaS revenue up 55.7%; reaffirms FY2022 outlook

Alight, Inc. / Delaware

2022-Q3 EPS reported $0.00 revenue$2,190,000,000

Net loss improved to $45M from prior-year $120M; adjusted EBITDA $133M vs $153M.
BPaaS revenue $151M (+55.7%); nine-month BPaaS bookings $564M, over 80% of $680-700M target.
Employer Solutions revenue $645M (+9.9%); Professional Services $95M (+2.2%); Hosted flat at $10M.
FY2022 outlook reaffirmed: revenue $3.09-3.12B, adj EBITDA $650-662M, adj EPS $0.54-0.60.
Repurchased $12M of stock under $100M program; cash $304M, total debt $2.83B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alight, Inc. / Delaware reported third quarter ended September 30, 2022 results: revenue $750 million, net income $(45) million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $750 million
Net income: $(45) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and their employees” said Chief Executive Officer Stephan Scholl. Third Quarter 2022 Highlights (all comparisons are relative to third quarter 2021) • Grew revenue 8.7% to $750 million and incurred a net loss of $(45) million compared to a prior year net loss of $(120) million • Business Process as a Service (BPaaS) revenue grew 55.7%, represents 20.1% of total

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Source: SEC EDGAR

accession 0000950170-22-021501

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