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Dec 31, 2022
Kyndryl Q3 2023 Earnings Report
Kyndryl's financial performance in Q3 2023 reflected progress on its three-A initiatives, driving expanded customer relationships, new business wins, and increased efficiency.
Key Takeaways
Kyndryl reported revenues of $4.3 billion, a net loss of $106 million, and an adjusted pretax loss of $4 million. The company is making progress on its Alliances, Advanced Delivery and Accounts initiatives and raises revenue outlook and reaffirms margin outlook for fiscal year 2023.
Revenues for the quarter ended December 31, 2022 totaled $4.3 billion.
Net loss was $106 million, pretax loss was $138 million and adjusted pretax loss was $4 million.
The company saw continued progress on Alliances, Advanced Delivery and Accounts initiatives.
Kyndryl raised its revenue outlook and reaffirmed its margin outlook for fiscal year 2023.
Revenue by Geographic Location
Forward Guidance
Kyndryl is raising its revenue outlook for its fiscal year beginning April 1, 2022 and ending March 31, 2023 to reflect higher constant-currency revenue growth and currency effects, and is reaffirming its outlook for adjusted EBITDA and adjusted pretax margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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