Alight, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 07:40 am EST
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Alight, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 960 million compared to USD 942 million a year ago. Net loss was USD 83 million compared to USD 65 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.14 a year ago.
For the full year, the company reported sales was USD 3,410 million compared to USD 3,132 million a year ago. Net loss was USD 266 million compared to USD 62 million a year ago. Basic loss per share from continuing operations was USD 0.54. Diluted loss per share from continuing operations was USD 0.54.
Alight, Inc. is a cloud-based provider of integrated digital human capital and business solutions. The Companyâs 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.
ALIGHT, INC. 
