Alight Q1 revenue up 14.6% to $831M; BPaaS revenue jumps 50%

Alight, Inc. / Delaware

2023-Q1 EPS reported -$0.14 revenue$831,000,000

Revenue of $831M vs $725M YoY; Employer Solutions revenue grew >16% to $723M.
BPaaS revenue up 50% to $171M; cumulative BPaaS bookings surpassed $1.5B.
Net loss of $74M vs loss of $13M YoY; adjusted EBITDA rose to $154M from $142M.
FY 2023 guidance reaffirmed: revenue $3.47-3.51B, adj. EBITDA $735-750M, adj. EPS $0.62-0.67.
New client wins include MasterBrand, Dentsu, and a Fortune 50 food & beverage company.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alight, Inc. / Delaware reported first quarter ended March 31, 2023 results: revenue $831 million, net income net loss of $74 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $831 million
Net income: net loss of $74 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of double-digit growth, margin expansion and improved operating cash flow conversion.” First Quarter 2023 Highlights • Revenue increased 14.6% over the prior year period to $831 million • Business Process as a Service (BPaaS) revenue grew 50.0% to $171 million, representing 20.6% of total revenue • BPaaS bookings on a total contract value basis were $75 million,

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Source: SEC EDGAR

accession 0000950170-23-019110

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