Kyndryl Q1 net income $11M vs prior-year loss; raises FY adjusted earnings outlook

Kyndryl Holdings, Inc.

2025-Q1 EPS reported $0.05 revenue$3,739,000,000

Revenues $3.74B, down 11% YoY (8% constant currency); pretax income $64M vs loss $141M prior year.
Adjusted pretax income $92M, up 96% YoY; adjusted EBITDA $556M.
Kyndryl Consult revenue grew 10% YoY (14% constant currency); signings up 49% in constant currency.
Raises FY2025 adjusted pretax income outlook to at least $460M (from $435M), adjusted EBITDA margin at least 16.3%.
Reaffirms constant-currency revenue growth (2%) to (4%); expects Q4 FY2025 year-over-year revenue growth.

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