Kyndryl (KD) Reports Q1 Loss of $1.02/sh

Kyndryl (NYSE: KD) reported Q1 EPS of ($1.02), versus ($2.20) reported last year. Revenue for the quarter came in at $4.4 billion, versus $4.77 billion reported last year.

GUIDANCE:

Kyndryl sees FY2022 revenue of $16.5-16.7 billion.

• Double-digit constant-currency signings growth compared to pro forma signings in calendar year 2021
• Revenue of $16.5 to $16.7 billion, which includes an approximately $1.0 billion or six-percentage-point negative currency impact. This represents a decline of (4)% to (3)% in constant currency compared to pro forma revenue for the twelve months ended March 31, 2022
• Adjusted EBITDA margin of 13% to 14%, reflecting currency headwinds and spin-off-related impacts on amortization, as discussed below
• Adjusted pretax margin of 0% to 1%, consistent with calendar year 2021 pro forma results

For earnings history and earnings-related data on Kyndryl (KD) click here.

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