Alight Inc (N:ALIT)
Business Focus: Enterprise Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4 Overlook Point LINCOLNSHIRE IL 60069 |
| Tel: | N/A |
| Website: | https://alight.com |
| IR: | See website |
| Key People | ||
| Stephan D. Scholl Chief Executive Officer, Director | Katie J. Rooney Chief Financial Officer | Michael J. Rogers Chief Human Resource Officer |
| Gregory R. Goff Chief Technology and Delivery Officer | Cesar Jelvez Chief Professional Services and Global Payroll Officer | Dinesh V. Tulsiani Chief Strategy Officer | Martin T. Felli Chief Legal Officer and Corporate Secretary |
| Business Overview |
| Alight, Inc. is a cloud-based provider of integrated digital human capital and business solutions. The Company's segments include Employer Solutions and Professional Services. The Employer Solutions segment is driven by its Alight Worklife platform, and includes total employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll. It leverages data across all interactions and activities to improve the employee experience, reduce operational costs and better inform management processes and decision-making. The Professional Services segment includes its project-based cloud deployment and consulting offerings that provide expertise with both human capital and financial platforms. Specifically, this includes cloud advisory and deployment, and optimization services for cloud platforms, such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Alight Inc revenues increased 9% to $3.41B. Net loss increased from $62M to $345M. Revenues reflect Employer Solutions segment increase of 9% to $2.96B, Professional Services segment increase of 13% to $421M, United States segment increase of 8% to $2.99B, Rest of world segment increase of 12% to $417M. Higher net loss reflects Hosted Business segment loss increase of 100% to $2M. |
| Employees: | 18,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,645M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,410M as of Dec 31, 2023 |
| EBITDA (TTM): | $574.00M as of Dec 31, 2023 |
| Net annual income (TTM): | -$345.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $226.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,454M as of Dec 31, 2023 |
| Shares outstanding: | 562,982,418 as of Feb 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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