secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001558370-22-002370
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl reports Q4 net loss $740M, FY2021 net loss $2.3B; revenue down 8% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022002370/0001558370-22-002370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022002370/kd-20220228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002370

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