Kyndryl (KD) Misses Q1 EPS by 4c; raises guidance

Kyndryl (NYSE: KD) reported Q1 EPS of $0.13, $0.04 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $3.79 billion.

GUIDANCE:

Kyndryl sees FY2025 revenue of $15.2-15.5 billion, versus the consensus of $17.125 billion.

Kyndryl is raising its adjusted earnings outlook for its fiscal year 2025, which runs from April 2024 to March 2025:

Adjusted EBITDA margin of at least 16.3% compared to its prior outlook of at least 16.2%. This represents a year-over-year increase of at least 160 basis points.
Adjusted pretax income of at least $460 million compared to its prior outlook of at least $435 million. This represents a year-over-year increase of at least $295 million.

Kyndryl is reaffirming its outlook for constant-currency revenue growth of (2%) to (4%), which reflects actions by Kyndryl to reduce certain inherited zero-margin and low-margin revenue streams.

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

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