Alight (ALIT) Reports Fiscal Q2 2025 Results

Alight Inc. (NYSE:ALIT) is one of the top oversold NYSE stocks to buy now. Alight Inc. (NYSE:ALIT) reported its fiscal Q2 2025 results on August 5, with revenue for the quarter decreasing 1.9% to $528 million, compared to $538 million in the prior year period.

Is Alight Inc. (ALIT) the Best AI Stock to Buy Under $10?

A person viewing their financial progress on a computer, highlighting the financial health offerings of the company.

Management attributed the drop to lower net commercial activity and project revenue. Recurring revenues made up 93.2% of total revenue.

Alight Inc. (NYSE:ALIT) also reported $176 million in gross profit, which translates to 33.3% of revenue, compared to $167 million, or 31.0% of revenue, in the prior year period.

The company stated that this change in gross profit was primarily due to productivity savings. Adjusted EBITDA for fiscal Q2 2025 improved to $127 million from $105 million in fiscal Q2 2024.

Alight Inc. (NYSE:ALIT) reported several new wins or expanded relationships in the quarter, with companies including Thermo Fisher Scientific, Reinsurance Group of America, Highmark Health, and Incorporated (RGA) and Trinity Industries.

It repurchased $20 million of common stock under the existing share repurchase program, and declared and paid a $0.04 per share dividend.

Headquartered in Chicago, IL, Alight Inc. (NYSE:ALIT) provides cloud-based integrated digital human capital and business solutions.

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Disclosure: None. This article is originally published at Insider Monkey.