earnings
confidence high
sentiment positive
materiality 0.75
Alight Q3 revenue up 8.4% to $813M; raises adjusted EPS guidance
Alight, Inc. / Delaware
2023-Q3 EPS reported
-$0.38
revenue$2,450,000,000
- Revenue of $813M (+8.4% YoY); Employer Solutions revenue up 8.7% to $701M.
- Net loss of $46M; adjusted EBITDA $158M (+18.8% YoY).
- BPaaS bookings $262M TCV, up 26% YoY; over 95% of 2023 revenue under contract.
- Raises 2023 adjusted EPS guidance to $0.65-$0.69 from $0.62-$0.67.
- Repurchased $26M of common stock under share repurchase program.