Tien-Tsin Huang's questions to Alight Inc (ALIT) leadership • Q3 2024
Question
Tien-Tsin Huang requested details on the $10 million revenue guidance increase, asking about the key drivers and the factors determining the high and low ends of the range. He also asked which elements require more work to reach the 4-6% midterm growth target in 2025.
Answer
CFO Jeremy Heaton attributed the guidance raise to Q3 outperformance in both recurring and project revenue, noting the range's bookends are now primarily driven by the cautious outlook on project work. CEO David Guilmette stated that for 2025, key factors for growth include the COBRA headwind being resolved, strong bookings momentum, and successful renewals, while margins are expected to improve regardless of the growth profile.