Kyndryl Holdings Reports Mixed Q3 Results: EPS Beat, Revenues Miss

Kyndryl Holdings, Inc. KD reported its third-quarter financial results after Monday's closing bell. Here's a look at the details from the report. 

The Details: Kyndryl Holdings reported adjusted earnings of 51 cents per share, beating the 26 cent analyst consensus estimate. Quarterly revenue came in at $3.74 billion, missing the $3.81 billion analyst estimate.

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“In the third quarter, we delivered another quarter of strong signings growth and significant margin expansion, led by Kyndryl Consult, Kyndryl Bridge and our alliances with hyperscalers,” said Kyndryl CEO Martin Schroeter.

“With sustained momentum in our signings coupled with higher operating margins, we remain on track to deliver constant-currency revenue growth in the fourth quarter of this fiscal year and are raising our full-year outlook for adjusted earnings and adjusted free cash flow,” Schroeter added.

Outlook: Kyndryl raised its adjusted pretax income fiscal 2025 outlook to at least $475 million, representing a year-over-year increase of at least $310 million.

KD Price Action: According to data from Benzinga Pro, Kyndryl Holdings shares are down 1.87% after hours at $37.25 Monday.  

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