earnings
confidence high
sentiment negative
materiality 0.80
Kyndryl reports Q4 net loss $740M, FY2021 net loss $2.3B; revenue down 8% YoY
Kyndryl Holdings, Inc.
2021-FY EPS reported
-$10.35
revenue$18,657,000,000
- Q4 revenue $4.6B, down 8% YoY; pretax loss $732M includes $469M goodwill impairment.
- Full-year 2021 revenue $18.7B; net loss $2.3B vs $2.0B prior year; cash ops -$119M.
- Pro forma adjusted EBITDA Q4 $667M vs $889M; FY $2.7B vs $2.9B; adjusted pretax income $114M.
- Guides Q1 2022 revenue decline ~5% CC, adj. EBITDA margin 12%-13%, adj. pretax margin ~(1%)
- Initiatives target $1B cloud signings and $200M annualized savings by end of FY2023.