Wednesday, November 10, 2021 7:09:24 AM
https://seekingalpha.com/article/4467699-cannae-holdings-inc-cnne-ceo-rick-massey-on-q3-2021-earnings-call-transcript
"...It's been sort of some dark days here lately, but they're coming out, we believe, they're coming out of the ditch. And it's going to be a great stock to own. We're also pleased with Alight and Ceridian. They posted great results this quarter.
Alight reported earlier today 20% revenue growth in their BPaaS revenue, which is their enterprise software platform. They had a 42% increase in BPaaS bookings in the third quarter, so incredible growth in the growth engine of Alight.
They actually reported that, at the end of the third quarter they had achieved already 99% of the revenue that they had originally projected to achieve for the full year. So we obviously -- we're really happy with this company.
They've done a few deals to expand their product offerings. Those are listed in the quarterly report and in their own press release, but that was Venafi, ConsumerMedical and the Aon Retiree Health Exchange.
We think Stephan and his team Katie, Cathinka are best-in-class. And we share his vision Stephan's vision with unlocking the power of Alight's, BPaaS platform. And it's funny, because we were just talking Alight started this year or started out as a public company they talked about organic revenue growth of 1%, for 2021.
Then, sometime in the second quarter they said, "Well, we're going to get maybe 3% revenue growth 3%, 4%, maybe up to 5%. Then today they guided to 5% to 6% in 2021 and that obviously bodes very well.
I don't think they guided for 2022, but you can expect our revenue to continue to accelerate this company. And my own personal opinion is going to be a high single-digit grower in the very near future.
That's going to get you a re-rate, much higher multiple of EBITDA. And we think you're going to be a very happy owner there. ...."
In the Q&A section
"But I still love Alight you can see the results you go look at what they reported this morning. They are just knocking the thing out of the park. We love the management team. It's a big idea. I do think they're going to get a re-rate. I do think they're going to hit high single-digit revenue growth eventually. And I think eventually some big company is going to come buy them. So, hopefully we'll get a double or a triple and then if that happens."
Recent ALIT News
- Alight Worklife® Enabled Over 100% ROI and Significant Cost Savings, Total Economic Impact Study Finds • Business Wire • 09/19/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 08:13:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:01:37 PM
- Alight to Participate in the Citi Global TMT Conference • Business Wire • 09/03/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 12:34:23 PM
- Alight Names Dave Guilmette as Chief Executive Officer • Business Wire • 08/26/2024 12:30:00 PM
- Alight Completes Cloud Migration Transformation, Delivering Enhanced Performance and Significant Cost Savings • Business Wire • 08/12/2024 11:30:00 AM
- Alight to Participate in the Canaccord Genuity 44th Annual Growth Conference • Business Wire • 08/09/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:12:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 11:50:43 AM
- Alight Reports Second Quarter 2024 Results • Business Wire • 08/06/2024 11:45:00 AM
- Alight Announces the Latest Release of Alight Worklife® • Business Wire • 08/01/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2024 12:15:34 PM
- Alight to Announce Second Quarter 2024 Results • Business Wire • 07/16/2024 08:30:00 PM
- Alight Completes Sale of Payroll and Professional Services Business • Business Wire • 07/12/2024 05:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 10:37:34 AM
- Alight Announces $75 Million Accelerated Share Repurchase Agreement • Business Wire • 06/18/2024 10:30:00 AM
- Alight Releases 2024 Global Impact Report Highlighting ESG Performance and Progress • Business Wire • 06/06/2024 12:35:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 10:25:43 AM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 06/04/2024 09:13:57 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/04/2024 09:12:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 10:20:47 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:16:03 PM
- Alight to Participate in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference • Business Wire • 05/13/2024 09:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 09:19:09 PM
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