Shares of Alight, Inc. (ALIT) are surging 5.07% in Thursday's trading session following the release of the company's first quarter 2025 financial results. The cloud-based human capital technology and services provider reported solid performance and reaffirmed its full-year 2025 outlook, boosting investor confidence.
Alight reported Q1 revenue of $548 million, slightly below the previous year but beating analyst expectations of $541.52 million. The company's adjusted EBITDA improved to $118 million, surpassing the consensus estimate of $115.4 million. Notably, Alight achieved a gross profit of $171 million and maintained a strong recurring revenue base, with 94.9% of total revenue coming from recurring sources.
CEO Dave Guilmette expressed satisfaction with the company's performance, stating, "Our first quarter performance met expectations and we are off to a strong start to the year." The company highlighted key wins with major clients such as US Foods, Markel, and Delek, demonstrating its ability to attract and retain significant business partnerships. Furthermore, Alight reaffirmed its full-year 2025 financial outlook, projecting revenue between $2,318 million and $2,388 million, and adjusted EBITDA ranging from $620 million to $645 million. This positive guidance, coupled with the company's strong Q1 results, appears to be driving today's stock price surge.
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