Kyndryl Q2 FY2023 revenue $4.2B, net loss $281M; updates FY outlook

Kyndryl Holdings, Inc.

2023-Q2 EPS reported -$2.35 revenue$8,467,000,000

Revenue $4.2B, down 9% YoY, up 1% constant currency; net loss $281M vs $690M loss prior year.
Adjusted pretax loss $102M vs pro forma adjusted pretax income $63M; currency hit $69M.
Hyperscaler signings aggregate value >$425M in H1; targeting $1B for FY2023.
FY2023 revenue outlook $16.3-16.5B (~11-10% YoY decline); adjusted EBITDA margin 11-12%.
Launched Kyndryl Bridge, Vital, Consult; withdrawn signings guidance, focusing on contract margins.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kyndryl Holdings, Inc. reported the second fiscal quarter ended September 30, 2022 results: revenue $4.2 billion, net income $281 million, EPS $1.24 per diluted share.

Period: the second fiscal quarter ended September 30, 2022
Revenue: $4.2 billion
Net income: $281 million
EPS: $1.24 per diluted share
Result: reported results

Exact text from the filing

For the second quarter, Kyndryl reported revenues of $4.2 billion, a year-over-year decline of 9%, or growth of 1% in constant currency. Compared to prior-year pro forma revenues, revenues declined 8%, but increased 2% in constant currency. The Company reported a pretax loss of $219 million and a net loss of $281 million, or $1.24 per diluted share, in the quarter

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Source: SEC EDGAR

accession 0001558370-22-016003

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