secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001558370-22-016003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl Q2 FY2023 revenue $4.2B, net loss $281M; updates FY outlook
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- 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- Launched Kyndryl Bridge, Vital, Consult; withdrawn signings guidance, focusing on contract margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022016003/0001558370-22-016003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837022016003/kd-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016003

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