secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001104659-21-142595
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl Q3 revenue falls 6% to $4.58B, net loss widens to $692M; Microsoft partnership
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- GAAP net loss of $692M vs loss of $238M a year ago; adjusted EBITDA margin improved to 15.8% from 14.8%.
- Pro forma revenue $4.53B, down 6% constant currency; signings $2.9B vs $4.3B a year ago.
- Full-year 2021 guidance reaffirmed: revenue $18.5-18.7B, adj. EBITDA $2.8-2.9B.
- Announced landmark global partnership with Microsoft as premier alliance partner.
- Spin-off completed Nov 3; KD began trading Nov 4 on NYSE; included in S&P MidCap 400.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921142595/0001104659-21-142595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921142595/tm2133543d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-142595

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer