Kyndryl Holdings Inc reported $12M Q3 net loss, $3.9B revenue, and increased AEBITDA and adjusted pretax income, raising full-year outlook.

Kyndryl Holdings Inc (KD) reported a narrower net loss in Q3, with a net loss of $12 million compared to a net loss of $106 million in the previous year. The company's revenue decreased by 9% to $3.9 billion year-over-year. Adjusted EBITDA increased by 6% to $615 million compared to $580 million in the prior-year period. Kyndryl Holdings raised its full-year outlook for adjusted pretax income to at least $150 million and adjusted EBITDA margin to at least 14.5%.

February 06, 2024
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