Alight reports Q3 EPS 14c, consensus 13c

Reports Q3 revenue $813M, consensus 829.05M. “Generated robust BPaaS bookings of $262 million or growth of 26% “…Adjusted EBITDA grew 18.8% over the prior year period to $158M…Revenue grew 8.4% to $813 million, as compared to $750 million in the prior year period. The improvement was driven by an 8.7% increase in Employer Solutions revenue due to increased net commercial activity, project revenue, and volumes as well as the impact of our 2022 acquisition, and 10.5% growth in Professional Services revenue. Recurring revenues, which comprised 83.3% of total revenue, grew 8.3% to $677 million mainly due to growth in Employer Solutions revenue.