Kyndryl reports Q3 FY2024 revenue $3.9B, adjusted EBITDA $615M +6% YoY, raises full-year adjusted outlook

Kyndryl Holdings, Inc.

2024-Q3 EPS reported -$1.29 revenue$12,202,000,000

Revenue $3.9B, down 9% YoY (10% constant currency); net loss $12M ($0.05 loss per diluted share), improved from $106M loss YoY.
Adjusted EBITDA $615M, up 6% from $580M YoY; adjusted pretax income $63M vs prior-year loss of $4M.
Raises FY2024 outlook: adjusted pretax income at least $150M, adjusted EBITDA margin at least 14.5%.
Hyperscaler alliances revenue >$300M in first nine months, target raised to $400M; advanced delivery annualized savings ~$500M, on track for $550M.
Kyndryl Consult revenue grew 12% YoY, 15% of total revenue; projected pretax margins on signings high-single-digit.

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 third fiscal quarter ended December 31, 2023 results: revenue $3.9 billion, net income $12 million, EPS ($0.05) per diluted share. Guidance raised.

Period: the third fiscal quarter ended December 31, 2023
Revenue: $3.9 billion
Net income: $12 million
EPS: ($0.05) per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Exhibit 99.1 KYNDRYL REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK Strong execution on ‘three-A’s’ strategy drives earnings growth ● Revenues for the quarter ended December 31, 2023 total $3.9 billion, pretax income is $53 million, and net loss is $12 million ● Adjusted EBITDA is $615 million, and adjusted pretax income is $63 million ● Raises full-year adjusted earnings outlook NEW YORK, February 6, 2024 — Kyndryl Holdings, Inc.

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Source: SEC EDGAR

accession 0001558370-24-000813

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