Kyndryl Q1 FY2027: net loss $55M vs prior-year net income $56M; reaffirms FY outlook

Kyndryl Holdings, Inc.

Revenue $3.6B, down 3% YoY; pretax loss $69M vs pretax income $92M a year ago.
Adjusted net loss $26M ($0.12/diluted share) vs adjusted net income $90M ($0.37) in prior year.
Workforce rebalancing charges of $152M; expects ~$200M in FY2027 with $400-500M annualized savings in FY2028.
Signings TTM $14.2B; Kyndryl Consult revenue +10% YoY; hyperscaler-related revenue +34% YoY to $530M+.
Reaffirms FY2027 outlook: adjusted pretax income $600-700M, free cash flow $400-500M, revenue flat to -2% constant currency.

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