secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001558370-22-007073
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl Q1 net loss $229M, rev $4.4B (-7% YoY); signings up 27% cc
------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022007073/0001558370-22-007073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022007073/kd-20220504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007073

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