Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Starboard has taken a total of 149 activist campaigns in its history and has an average return of 25.58% versus 13.25% for the S&P 500 over the same period. Starboard also has a successful track record in the information technology sector. In 52 prior engagements, the firm has a return of 38.79% versus 16.56% for the S&P 500 over the sam ...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT) (“Alight” or the “Company”), a leading cloud-based human capital and technology services provider, today issued the following statement regarding Starboard Value’s (“Starboard”) nomination of directors for election to the Alight Board of Directors (the “Board”) at the Company’s 2024 Annual Meeting of Stockholders (the “Annual Meeting”): The Board and the Company’s management maintain an active dialogue with all types of investors and value thei ...

Alight, Inc. (NYSE:ALIT) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Stephan Scholl - Chef Executive Officer Katie Rooney - Global CFO, COO Jeremy Heaton - Operating CFO Jeremy Cohen - Head of Investor Relations Conference Call Participants Scott Schoenhaus - KeyBanc Capital Markets Peter Heckmann - DA Davidson Kevin McVeigh - UBS Kyle Peterson - Needham and Company Tien-tsin Huang - J.P. Morgan Pete Christiansen - Citi Heather Balsky - Bank of America Joseph Vafi - Ca ...

Group 1: Earnings Performance - Alight, Inc. reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.25 per share, and up from $0.24 per share a year ago, representing an earnings surprise of 20% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [1] - Alight, Inc. posted revenues of $960 million for the quarter, which was 6.73% below the Zacks Consensus Estimate, but an increase from $942 million year-over-year [1] Group 2: Stock Performance and Outlook - Alight, Inc. shares have increased by approximately 12.3% since the beginning of the year, outperforming the S&P 500's gain of 4.3% [2] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $881 million, and for the current fiscal year, it is $0.71 on revenues of $3.71 billion [4] Group 3: Industry Context - The Internet - Software industry, to which Alight, Inc. belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - The performance of Alight, Inc. may also be influenced by the overall industry outlook, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [4]

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023. “Our three-year transformation has generated significant momentum and enabled Alight to deliver strong 2023 results,” said Chief Executive Officer Stephan Scholl. “Our 2023 highlights include strong demand for our solutions with BPaaS revenue growth of 34%, gross margi ...

Exhibit 99.1 – $3 billion of revenue under contract for 2024 – –Board of Directors authorizes strategic portfolio review to accelerate platform and wellbeing strategy – LINCOLNSHIRE, IL – February 21, 2024 – Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023. "Our three-year transformation has generated significant momentum and enabled Alight to deliver stron ...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today released the findings of its 2024 Company Payroll Complexity Report, which revealed that over half (53%) of surveyed companies have incurred payroll penalties in the last five years for non-compliance. Building on the data from the 2023 Alight Global Payroll Complexity Index, this new report surveyed nearly 300 payroll professionals and stakeholders to understand key ...

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today introduced Alight LumenAI, the company’s next-generation artificial intelligence (AI) engine. Alight LumenAI bolsters the Alight Worklife platform by merging new and existing AI capabilities into a unified ecosystem to drive innovation and elevate outcomes for both organizations and employees. Alight LumenAI enables a more connected and intelligent experience across ...

Group 1 - Cannae Holdings, Inc. has appointed William P. Foley II as Chief Executive Officer and Richard Massey as Vice Chairman of the Board [1] - Foley will continue to serve as Chairman of the Board while Ryan Caswell remains President of the Company [1] - Foley expressed enthusiasm for his new role and aims to source new private investments that provide outsized, risk-adjusted returns [1] Group 2 - Cannae Holdings primarily acquires interests in operating companies and actively manages a core group of those companies [2] - The company holds significant stakes in various firms, including 79 million shares (18% interest) in Dun & Bradstreet Holdings, Inc. and 52.5 million shares (10% interest) in Alight, Inc. [2] - Other notable holdings include 4 million shares (3%) in Dayforce, Inc., 27 million shares (31%) in System1, Inc., and 3.4 million shares (6%) in Paysafe Limited [2]

Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF) was a top mover in the junior mining segment after today providing an exploration update on its projects in West Pilbara, focusing on the potential of its Kobe and Osborne sites for lithium extraction. Recent drilling has revealed sub-vertical orientations of pegmatites at these locations, with one drill hole possibly stopping short of the Osborne target. A planned RC drilling program in March aims to further investigate Osborne's near-surface lithium-ri ...