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Kyndryl Holdings sees FY25 revenue $15.2B-$15.5B, consensus $15.27B

See FY25 revenue growth of (2%)-(4%) in constant currency compared to revenue of $16.1B in FY24, which reflects actions by Kyndryl to reduce certain inherited zero-margin and low-margin revenue streams. The Company now expects to deliver year-over-year constant-currency revenue growth in the Q4 of the fiscal year. Adjusted EBITDA margin of at least 16.2%, an increase of at least 150 basis points compared to 14.7% in FY24, reflecting incremental benefits from the three-A initiatives. Adjusted pretax income of at least $435M, an increase of at least $270M compared to $165M in FY24. Conversion of adjusted pretax income to adjusted free cash flow of roughly 100%.

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