secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001558370-23-018010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837023018010/0001558370-23-018010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837023018010/kd-20231107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-018010

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