NYSE$ALIT
Alight Solutions Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Alight's Q1 2024 results were reported, with BPaaS revenue increasing and the agreement to sell the Payroll and Professional Services business announced.
Alight, Inc. reported a decrease in revenue but growth in BPaaS revenue for the first quarter ended March 31, 2024. The company announced an agreement to sell its Payroll and Professional Services business and is nearing completion of its cloud migration project.
- Revenue decreased by 4.6% to $559 million.
- BPaaS revenue grew by 20.6% to $117 million, representing 20.9% of total revenue.
- Net loss increased by $37 million to $121 million.
- Adjusted diluted earnings per share increased to $0.10 compared to $0.09 in the prior year period.
Headline financials
Revenue & EPS history
Alight · Revenue · Quarterly
$559M
Revenue by segment
Alight · $179M total across 1 segment · Q2 2023
- BPaaS Revenue$179M+39.8%100.0%
Forward guidance
The company is reaffirming its mid-term outlook and expects to update its full-year 2024 financial guidance after closing the Payroll & Professional Services business transaction.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-1.5%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-3.2%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+12.9%
Q3 2024
Best reaction
-39.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.7% | +14.7% | -9.4% | |
| Q4 2025 | -39.4% | -41.4% | -47.9% | |
| Q3 2025 | -7.1% | -15.9% | -24.4% | |
| Q1 2025 | +7.1% | +12.6% | +4.4% | |
| Q4 2024 | +3.7% | +4.3% | -9.3% | |
| Q3 2024 | +12.9% | +3.6% | -3.4% | |
| Q2 2024 | -1.6% | -0.3% | +4.2% | |
| Q1 2024 | -17.2% | -19.9% | -19.3% | |
| Q4 2023 | -6.9% | -3.8% | +3.7% | |
| Q3 2023 | +10.7% | +7.8% | +19.7% | |
| Q2 2023 | -12.6% | -13.3% | -21.9% | |
| Q1 2023 | -5.6% | -8.6% | -0.6% | |
| Q4 2022 | +4.5% | +2.7% | -9.2% | |
| Q3 2022 | +11.9% | +20.5% | +14.8% | |
| Q2 2022 | +4.4% | +8.9% | +1.6% | |
| Q1 2022 | -8.9% | -0.6% | +4.3% | |
| Q4 2021 | +0.3% | +3.4% | -0.6% | |
| Q3 2021 | +6.1% | -0.4% | -6.5% | |
| Q2 2021 | +7.1% | +1.6% | +25.0% | |
| Q1 2021 | +1.5% | +3.1% | +0.2% | |
| Q4 2020 | +0.3% | -4.2% | -2.2% | |
| Q3 2020 | +1.5% | +0.5% | +3.2% | |
| Q2 2020 | -0.9% | +1.2% | -0.9% | |
| Q1 2020 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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