Why Kyndryl Holdings Stock Rocketed 10% Higher This Week

Core Insights - Kyndryl Holdings experienced a significant share price increase of over 10% during the week, driven by positive quarterly results [1] Financial Performance - For Q3 of fiscal 2025, Kyndryl reported revenue of $3.74 billion, a decrease from nearly $3.94 billion in Q3 of fiscal 2024, and below the consensus estimate of $3.83 billion [2] - The company achieved a non-GAAP net income of $124 million, compared to a loss of $11 million in the previous year, translating to $0.51 per share, exceeding the average projection of $0.43 [3] Growth Drivers - Kyndryl attributed its improved performance to "strong signings growth," particularly noting a double-digit revenue increase from its Kyndryl Consult unit [4] Guidance Updates - Kyndryl raised its guidance for fiscal 2025, projecting a pre-tax income of at least $475 million, indicating a minimum year-over-year growth of $310 million [5] - The adjusted cash flow forecast was increased to approximately $350 million, with revenue expected to rise by 2% on a constant-currency basis compared to fiscal 2024 [5]