Kyndryl reports lower fourth-quarter profit and forecasts flat-to-down 2027 revenue
Updated
Updated · MarketWatch · May 6
Kyndryl reports lower fourth-quarter profit and forecasts flat-to-down 2027 revenue
3 articles · Updated · MarketWatch · May 6
Summary
Net income fell to $17 million from $68 million, while revenue slipped 0.8% to $3.77 billion, slightly above analysts' estimates.
The New York IT services group expects fiscal 2027 revenue to range from flat to down 2% from $15.09 billion, with adjusted pretax earnings of $600 million to $700 million.
Kyndryl said hyperscaler revenue rose 59% to $1.9 billion in fiscal 2026, even as it restructures low-margin contracts after workforce cuts and management upheaval linked to an SEC accounting inquiry.
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