From Nasdaq: 2025-02-07 18:29:00

Kyndryl Holdings (NYSE: KD) saw a 10% increase in share price this week after reporting third-quarter revenue of $3.74 billion, slightly lower than last year’s $3.94 billion. However, the company turned a profit with non-GAAP net income of $124 million, a significant improvement from last year’s $11 million loss. Kyndryl raised its guidance for fiscal 2025, expecting at least $475 million in pre-tax income and around $350 million in adjusted cash flow. The company attributes its success to factors like strong signings growth and a revenue increase in its Kyndryl Consult unit.

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Read more at Nasdaq: Why Kyndryl Holdings Stock Rocketed 10% Higher This Week