Kyndryl Q4 net loss $45M, adj. pretax income $30M; FY2025 adj. pretax income target at least $435M

Kyndryl Holdings, Inc.

2024-FY EPS reported -$1.48 revenue$16,052,000,000

Q4 revenue $3.8B (-10% YoY); FY revenue $16.1B (-6% YoY) due to reducing low-margin content.
Q4 adj. EBITDA $566M (+19% YoY); FY adj. EBITDA $2.4B (+20% YoY).
FY2025 outlook: constant-currency revenue decline 2-4%, adj. EBITDA margin ≥16.2%, adj. pretax income ≥$435M.
Alliances revenue from hyperscalers >$500M in FY2024 (triple prior year); Kyndryl Consult revenue +15% YoY.
Annualized savings: Advanced Delivery ~$575M, Accounts initiative $600M; margins on signings ~10pp above FY2023 adj. pretax margin.

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 0.95

Kyndryl Holdings, Inc. reported for the fiscal year ended March 31, 2024 results: revenue $16.1 billion, net income $340 million, or ($1.48) per diluted share, EPS ($1.48) per diluted share.

Period: for the fiscal year ended March 31, 2024
Revenue: $16.1 billion
Net income: $340 million, or ($1.48) per diluted share
EPS: ($1.48) per diluted share
Result: reported results

Exact text from the filing

For the fiscal year ended March 31, 2024, Kyndryl reported revenues of $16.1 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Kyndryl Holdings, Inc. updated its fiscal year 2025 guidance (reaffirmed).

Period: fiscal year 2025
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Kyndryl is providing the following outlook for its fiscal year 2025

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kyndryl Holdings, Inc. reported for the quarter ended March 31, 2024, the fourth quarter of its 2024 fiscal year results: revenue $3.8 billion, net income $45 million, or ($0.20) per diluted share, EPS ($0.20) per diluted share.

Period: for the quarter ended March 31, 2024, the fourth quarter of its 2024 fiscal year
Revenue: $3.8 billion
Net income: $45 million, or ($0.20) per diluted share
EPS: ($0.20) per diluted share
Result: reported results

Exact text from the filing

a filing. --- EX-99.1 (EX-99.1) --- Exhibit 99.1 KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS ● Revenues for the quarter ended March 31, 2024 total $3.8 billion, pretax loss is $4 million, net loss is $45 million, adjusted EBITDA is $566 million, and adjusted pretax income is $30 million ● Fiscal year 2024 revenues total $16.1 billion,

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Kyndryl Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-007064

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