Kyndryl Holdings, Inc. NYSE:KD Company Conference Presentation Monday, January 15, 2024 8:00 PM GMT COPYRIGHT © 2024 S&P Global Market Intelligence, a division of S&P Global Inc. All rights reserved spglobal.com/marketintelligence 1 Call Participants .................................................................................. 3 Question and Answer .................................................................................. 6 COPYRIGHT © 2024 S&P Global Market Intelligence, a division of S&P Glob ...

Kyndryl Holdings, Inc. (KD) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -150%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.05, delivering a surprise of 76.19%.Over the last four quarters, the company has surpassed cons ...

Strong execution on 'three-A's' strategy drives earnings growth Revenues for the quarter ended December 31, 2023 total $3.9 billion, pretax income is $53 million, and net loss is $12 million Adjusted EBITDA is $615 million, and adjusted pretax income is $63 million Raises full-year adjusted earnings outlook NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended December 31, 20 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________________ TO _________________ 001-40853 (Commission file number) organization) (IRS employer identification number) One Vanderbilt Avenue, 15 ...

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced two new security edge services developed jointly with Cisco to help customers improve their security controls and proactively address and respond to cyber incidents. The new security edge services introduced by Kyndryl are: Kyndryl Consult Security Services Edge (SSE) with Cisco Secure Access -- designed to provide a modular and unified approach for consulting and imp ...

NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Howard Ungerleider as an Operating Advisor to CD&R funds. Mr. Ungerleider will work closely with CD&R's industrials team on new investment opportunities and support the management teams of its relevant portfolio companies. Mr. Ungerleider brings with him over 30 years of experience working in the chemical, packaging and specialty materials industries, having held a number of senior manag ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________________ TO _________________ 001-40853 (Commission file number) Kyndryl Holdings, Inc. (Exact name of registrant as specified in its charte ...

Kyndryl Holdings, Inc. (NYSE:KD) Q1 2024 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Lori Chaitman - Global Head, IR Martin Schroeter - Chairman & CEO David Wyshner - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Chase & Co. James Friedman - Susquehanna Financial Group Divya Goyal - Scotiabank Operator Good morning, ladies and gentlemen. Welcome to Kyndryl's First Fiscal Quarter 2024 Earnings Conference Call. [Operator Instructions]. Please note that today's confere ...

kyndryl. August 8, 2023 Forward-looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook," "believe" and other similar words or expressions or the negative thereof or other variations thereon. All statements, ...

Financial Performance - For the three months ended June 30, 2023, the company reported revenue of $4.2 billion, a decline of 2% compared to $4.3 billion in the prior-year period[112]. - The net loss for the quarter was $141 million, an improvement of $109 million from a net loss of $250 million in the same quarter last year[112]. - Adjusted EBITDA for the quarter increased by 25% to $612 million, up from $491 million in the prior-year period[114]. - Revenue from the United States remained unchanged at $1.2 billion, while Japan's revenue decreased by 4% to $610 million[119][120]. - Principal Markets revenue decreased by 2% to $1.5 billion, but adjusted EBITDA increased by 67% to $167 million[122]. - Strategic Markets revenue fell by 4% to $935 million, with adjusted EBITDA rising by 39% to $133 million[123]. Cost Management - Cost of services as a percentage of revenue improved to 82.3% from 85.8% year-over-year, reflecting increased operating efficiencies[126]. - Workforce rebalancing charges increased to $58 million, representing 1.4% of revenue, compared to only $4 million in the prior-year quarter[126]. - Transaction-related costs decreased significantly by 60% to $42 million, down from $103 million in the same quarter last year[126]. - The company recognized $58 million in workforce rebalancing charges and $10 million in charges related to ceasing to use leased and owned fixed assets during the three months ended June 30, 2023[128]. - Total future charges for the workforce rebalancing program are expected to be approximately $70 million, with $50 million in workforce rebalancing charges and $20 million in charges related to fixed assets[129]. - The company anticipates that the workforce rebalancing and site-rationalization activities will reduce future payroll costs, rent expenses, and depreciation by approximately $200 million in fiscal year 2024[130]. Asset and Liability Management - The company's total assets as of June 30, 2023, were $10.986 billion, down from $11.464 billion at the end of the previous quarter[112]. - Total assets decreased by $477 million to $11.0 billion from March 31, 2023, primarily due to a $341 million decrease in cash and cash equivalents[133]. - Total liabilities decreased by $354 million to $9.6 billion, driven by a $148 million decrease in accounts payable and a $63 million decrease in deferred income[134]. - Working capital decreased by $33 million to $62 million, with current assets down by $310 million primarily due to a decrease in cash and cash equivalents[135]. Cash Flow - Net cash used in operating activities was $173 million for the three months ended June 30, 2023, compared to net cash provided of $104 million in the prior-year period[139]. - Total signings decreased by $145 million, or 5%, to $2.8 billion for the three months ended June 30, 2023, due to efforts to reduce low-margin revenues[142]. - The company believes its existing cash and cash equivalents, along with a revolving credit agreement, will be sufficient to meet anticipated cash needs for at least the next twelve months[144]. - Gross proceeds from receivables sold to third parties were $1.2 billion for the three months ended June 30, 2023, compared to $613 million for the same period in 2022[152]. Risk Management - The Company faces risks including inability to estimate service costs and timelines, and challenges in managing acquisitions and integrations[159]. - There have been no material changes to the Company's market risk disclosures in the Form 10-K[160]. Communication - The Company utilizes its website and social media for distributing material information, accessible at https://investors.kyndryl.com[158].