Kyndryl Q2 FY2024: adjusted EBITDA +34%; raises pretax income guidance to ≥$140M

Kyndryl Holdings, Inc.

2024-Q2 EPS reported -$1.24 revenue$8,266,000,000

Revenue $4.1B (-3% YoY); net loss $142M ($0.62/sh) vs $281M loss prior year.
Adjusted EBITDA $574M (+34% YoY); adjusted pretax income $25M vs ($102M) loss.
Raises FY2024 adjusted pretax income outlook to ≥$140M; adjusted EBITDA margin ~14.5%.
Hyperscaler alliance revenue $180M H1; Advanced Delivery savings target raised to $550M annualized.
Kyndryl Consult revenue +19% YoY; separation costs $48M, expected to end this year.

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 0.98

Kyndryl Holdings, Inc. updated its second fiscal quarter ended September 30, 2023 guidance (raised).

Period: second fiscal quarter ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On November 7, 2023, Kyndryl Holdings, Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the second fiscal quarter ended September 30, 2023.

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Kyndryl Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-018010

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