secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001558370-24-007064
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/0001558370-24-007064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024007064/kd-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007064

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