earnings
confidence high
sentiment negative
materiality 0.80
Kyndryl Q1 net loss $229M, rev $4.4B (-7% YoY); signings up 27% cc
Kyndryl Holdings, Inc.
2022-Q1 EPS reported
-$1.02
revenue$4,431,000,000
- Revenues $4.4B, down 7% YoY (3% cc); net loss $229M ($1.02 diluted EPS).
- Adjusted pretax loss $51M vs pro forma prior-year loss of $64M.
- Signings $3.1B, up 27% cc; advisory & implementation signings up 50% cc.
- FY2023 outlook: rev $16.5-16.7B, adj. EBITDA margin 13-14%, adj. pretax margin 0-1%.
- Initiatives delivered annualized savings: Advanced Delivery $46M, Accounts $26M.