Alight Q2 revenue up 12.7% to $806M; CFO Rooney adds COO role

Alight, Inc. / Delaware

2023-Q2 EPS reported -$0.28 revenue$1,637,000,000

Revenue $806M (+12.7% YoY); BPaaS revenue $179M (+39.8%)
Net loss $72M vs net income $52M in prior year; Adjusted EBITDA $157M (+10.6%)
FY2023 outlook: revenue $3.47-3.51B, adj. EBITDA $735-750M, adj. EPS $0.62-0.67
BPaaS TCV bookings $149M in Q2; over 90% of 2023 revenue under contract
CFO Katie Rooney assumes COO role; Jeremy Heaton becomes Operating CFO; Cesar Jelvez departs

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Alight, Inc. / Delaware reported the second quarter ended June 30, 2023 results: revenue $806 million, net income Net loss of $72 million. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $806 million
Net income: Net loss of $72 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of business positions Alight to achieve its profitable growth targets in 2023 and beyond.” Second Quarter 2023 Highlights • Revenue increased 12.7% over the prior year period to $806 million • Over 90% of projected 2023 revenue under contract at the end of the second quarter • Business Process as a Service (BPaaS) revenue grew 39.8% to $179 million, representing

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Source: SEC EDGAR

accession 0000950170-23-036479

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