secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001558370-24-010483
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024010483/0001558370-24-010483-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000155837024010483/kd-20240731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010483

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