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Sep 30, 2024

Kyndryl Q2 2025 Earnings Report

Kyndryl's Q2 2025 financial results were released, showing revenue of $3.8 billion and signings growth.

Key Takeaways

Kyndryl reported revenues of $3.8 billion, a net loss of $43 million, and record total signings of $5.6 billion, which is a 132% increase year-over-year. The company reaffirms its outlook for fiscal year 2025, expecting constant-currency revenue growth in the fourth quarter.

Revenues for the quarter totaled $3.8 billion with a net loss of $43 million.

Adjusted EBITDA was $557 million, adjusted pretax income was $45 million, and adjusted net income was $3 million.

Kyndryl Consult delivered double-digit revenue growth in the quarter and over the last twelve months.

The company reaffirms its outlook for fiscal year 2025, projecting constant-currency revenue growth in the fourth quarter, supported by record post-spin signings.

Total Revenue
$3.77B
Previous year: $4.07B
-7.3%
EPS
$0.01
Previous year: -$0.62
-101.6%
Total Signings
$5.6B
Previous year: $2.4B
+133.3%
Gross Profit
$750M
Previous year: $651M
+15.2%
Cash and Equivalents
$1.33B
Previous year: $1.41B
-5.9%
Free Cash Flow
$56M
Previous year: $69M
-18.8%
Total Assets
$10.4B
Previous year: $10.6B
-1.9%

Kyndryl

Kyndryl

Kyndryl Revenue by Geographic Location

Forward Guidance

Kyndryl is reaffirming its outlook for its fiscal year 2025, which runs from April 2024 to March 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income