secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000950170-23-019110
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000095017023019110/0000950170-23-019110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000095017023019110/alit-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer