secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001558370-24-000813
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024000813/0001558370-24-000813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024000813/kd-20240206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000813

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