Kyndryl Cloud Soars In Q2, Expands Global AI Footprint, Raises Buyback By $400 Million - Kyndryl Hldgs (NYSE:KD)

On Tuesday, Kyndryl Holdings, Inc. (NYSE:KD) reported a second-quarter earnings beat, highlighting its expansion of AI services in the U.K., France, Singapore, and India, alongside increased share buybacks.The provider of IT infrastructure services reported second-quarter adjusted earnings per share of 38 cents, beating the analyst consensus estimate of 36 cents.Quarterly revenues of $3.721 billion (down 1% year over year) marginally missed the Street view of $3.840 billion. Sales fell 3.7% in constant curr ...