Kyndryl Holdings reports Q4 EPS (20c), consensus (22c)

Reports Q4 revenue $3.85B, consensus $3.76B. “FY24 was a year of acceleration and achievement for Kyndryl, driven by contributions from employees around the world. As we start our new fiscal year, we have pivoted from transformation to growth. Our strategic progress, our strong growth in Kyndryl Consult and our expansion of our Kyndryl Bridge operating platform solidify our leadership position in mission-critical IT services, while also driving meaningful financial progress,” said Kyndryl Chairman and CEO Martin Schroeter. “Going forward, we’ll continue to execute our strategy to fuel earnings growth, and we’re now targeting an earlier return to revenue growth, in the Q4 of this fiscal year.”