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Sep 30, 2022
Kyndryl Q2 2023 Earnings Report
Kyndryl reported a revenue decline of 9%, but a growth of 1% in constant currency, and launched Kyndryl Bridge, Kyndryl Vital and Kyndryl Consult, reflecting commitment to innovation and expansion of value-creating services.
Key Takeaways
Kyndryl's Q2 2023 results showed a revenue of $4.2 billion, a net loss of $281 million, and an adjusted pretax loss of $102 million. The company is making progress on its Alliances, Advanced Delivery, and Accounts initiatives and launched Kyndryl Bridge, Kyndryl Vital and Kyndryl Consult.
Revenues for the quarter ended September 30, 2022 total $4.2 billion, net loss is $281 million, pretax loss is $219 million and adjusted pretax loss is $102 million
Continued progress on Alliances, Advanced Delivery and Accounts initiatives
Launched Kyndryl Bridge, Kyndryl Vital and Kyndryl Consult, reflecting commitment to innovation and expansion of value-creating services
Updates outlook for fiscal year 2023
Revenue by Geographic Location
Forward Guidance
Kyndryl is updating its outlook for its fiscal year beginning April 1, 2022 and ending March 31, 2023 to reflect higher constant-currency revenue growth, currency effects and higher energy costs.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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