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Dec 31, 2021

Kyndryl Q4 2021 Earnings Report

Kyndryl's market leadership was built upon and early progress as an independent company was delivered.

Key Takeaways

Kyndryl reported revenues of $4.6 billion, a pretax loss of $732 million, and a net loss of $740 million, or $3.30 per diluted share, for the quarter ended December 31, 2021. Pro forma revenue was $4.6 billion and pro forma signings were $4.4 billion. Pro forma adjusted EBITDA was $667 million and pro forma adjusted pretax income was $53 million.

Kyndryl built on market leadership and delivered early progress as an independent company.

New partnerships were established, technology collaborations were expanded and existing relationships were deepened.

Momentum was gained in winning new customers.

Three major new initiatives were launched, all with a focus on driving long-term profitable growth.

Total Revenue
$4.56B
Previous year: $4.93B
-7.5%
EPS
-$3.3
Previous year: -$8.97
-63.2%
Total Signings
$4.4B
Previous year: $5.7B
-22.8%
Gross Profit
$545M
Previous year: $660M
-17.4%
Cash and Equivalents
$2.22B
Previous year: $24M
+9162.5%
Free Cash Flow
$454M
Previous year: $19M
+2289.5%
Total Assets
$2.7B
Previous year: $11.2B
-75.9%

Kyndryl

Kyndryl

Kyndryl Revenue by Geographic Location

Revenue & Expenses

Visualization of income flow from segment revenue to net income