Alight, Inc. - ALIT STOCK NEWS

Alight, Inc. (NYSE: ALIT) has launched the Wellbeing Marketplace, a platform designed to provide employers with customizable benefits tailored to their employees' unique needs. This marketplace offers access to over 150 services across 50 countries, focusing on areas such as physical and mental wellbeing, family demands, financial wellbeing, and personal development. Integrated into the Alight Worklife® platform and powered by Fringe, the Wellbeing Marketplace aims to simplify vendor management while enhancing employee engagement and satisfaction.

Alight, Inc. (NYSE: ALIT) has partnered with Children’s Hospital Colorado to enhance its Expert Physician Network, enabling families access to expert pediatric opinions on complex diagnoses. This collaboration aims to improve patient outcomes and reduce costs for users by providing tailored healthcare guidance. The network includes over 2,000 leading physicians, leveraging Alight’s technology for efficient healthcare navigation. The agreement demonstrates Alight's commitment to delivering advanced healthcare solutions and supporting families across the nation.

Alight, Inc. (NYSE: ALIT) has released a study highlighting that a company's purpose is crucial for attracting and retaining talent. The research shows that 40% of workers prioritize meaningful work over pay. Key factors influencing productivity include alignment with personal values and a sense of belonging. Notably, 62% of employees value an employer's stance on social issues. Gen Z workers particularly prioritize environmental responsibility. Alight emphasizes that purpose-driven organizations will have a competitive advantage in talent retention.

Alight, Inc. (NYSE: ALIT) has released its inaugural Global Impact Report, highlighting its progress in Environmental, Social, and Governance (ESG) initiatives throughout 2021. The report emphasizes Alight's focus on the social aspect of ESG, driven by technological solutions for workforce wellbeing. Key accomplishments include fostering a culture of wellbeing through community involvement, leveraging AI for personalized employee benefits, and maintaining responsible business practices including cybersecurity and environmental impact reduction.

Alight, Inc. (NYSE: ALIT) has launched Alight Payment Services, enhancing its payroll solutions for global companies. This new offering simplifies the payroll and payments process, enabling organizations to manage transactions in over 140 currencies without maintaining in-country bank accounts. Key features include single currency settlement, full track-and-trace capabilities for global payments, and streamlined reporting for payroll administration. This initiative aims to address the challenges faced by global companies in payroll management and enhance efficiency.

Alight (NYSE: ALIT) reported its second quarter 2022 results, achieving a 6.4% revenue growth to $715 million and a 7.9% increase in Employer Solutions revenue. Business Process as a Service (BPaaS) revenue surged 36.2% to $128 million. BPaaS bookings reached $356 million in the first half of 2022, more than halfway to its target of $680 to $700 million. The company authorized a $100 million stock repurchase program and maintained its 2022 outlook, projecting revenues between $3.09 to $3.12 billion.

Alight Solutions (NYSE: ALIT) is set to release its second quarter 2022 earnings results before market opening on August 3, 2022. A conference call discussing these results will occur at 8:30 am ET on the same day. Investors can access the webcast and financial information on investor.alight.com. A replay of the call will be available until August 17, 2022. Alight is a leading cloud-based provider focused on enhancing human capital and business solutions, serving over 36 million employees globally.