Kyndryl Q2 2024 Earnings Report
Key Takeaways
Kyndryl reported revenues of $4.1 billion for the quarter ended September 30, 2023, a year-over-year decline of 3%. The company reported a net loss of $142 million, or ($0.62) per diluted share. Adjusted EBITDA of $574 million increased 34% compared to the prior-year period. The company is raising its fiscal 2024 adjusted earnings outlook.
Revenues for the quarter totaled $4.1 billion, with a net loss of $142 million.
Adjusted EBITDA increased to $574 million.
The company is raising its full-year adjusted earnings outlook.
Kyndryl Consult revenues grew 19% year-over-year.
Kyndryl
Kyndryl
Kyndryl Revenue by Geographic Location
Forward Guidance
Kyndryl is raising its fiscal 2024 adjusted pretax income outlook, which it now expects to be at least $140 million, compared to its prior outlook of at least $100 million. The Company is also raising its fiscal 2024 adjusted EBITDA margin outlook, now expecting it to be approximately 14.5%, compared to its prior outlook of approximately 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income