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Kyndryl

All articles tagged with #kyndryl

market-news18 days ago•13 min saved

Kyndryl Stock Tumbles 55% on Accounting Review and Leadership Shakeup

Kyndryl’s shares plunged about 55% after the company disclosed an internal accounting review, delays to regulatory filings and material weaknesses in internal controls; it also announced major leadership changes, naming Harsh Chugh interim CFO and Bhavna Doegar interim corporate controller as longtime finance leaders exited. Third-quarter revenue rose 3% to $3.86 billion and adjusted EPS was $0.52, both below expectations. Analysts maintain a Hold rating with a $28 price target, though outlook could shift after the news.

via TipRanks|

#accounting-issues #internal-controls #kd

business19 days ago•21 min saved

Kyndryl Expands AI Push as Q3 FY2026 Revenue Rises, Reaffirms Outlook

Kyndryl posted Q3 FY2026 revenue of $3.859B, GAAP net income of $57M, and adjusted EBITDA of $696M, with adjusted pretax income of $168M and adjusted net income of $122M. Hyperscaler-related revenue reached $500M (up 58% YoY) and Kyndryl Consult grew 24% YoY, driving trailing-twelve-month signings to $15.4B. The company reaffirmed its FY2026 outlook (adjusted pretax income $575–$600M, ~17.5% adjusted EBITDA margin, free cash flow $325–$375M) and announced leadership changes (Interim CFO Harsh Chugh, Interim GC Mark Ringes, Interim Corporate Controller Bhavna Doegar), a Solvinity acquisition, and ongoing share repurchases.

via Kyndryl|

#ai #business #hyperscalers

tech-stocks19 days ago•20 min saved

Kyndryl shares tumble 50%+ after accounting probe and forecast reset

Kyndryl slashed its full-year outlook, replaced CFO, and disclosed an accounting investigation into cash-management practices and financial controls, triggering a more-than-50% drop in its stock as it also cut revenue and free-cash-flow guidance and delayed its quarterly filing.

via MarketWatch|

#accounting-investigation #cfo-change #guidance-cut

business1 month ago•2 min saved

Kyndryl Announces Leadership Changes and HR Leadership Transition

Kyndryl has announced leadership changes including Harsh Chugh taking on expanded roles, Farhaz Thobani becoming Chief Administrative Officer, Paul Savill leading Cyber Security and Resiliency, Ivan Dopplé retiring, and Michael Przytula joining as Global Practice Leader for Digital Workplace, reflecting strategic growth and organizational restructuring.

via Kyndryl|

#appointments #business #corporate-development

stock-market2 years ago•1 min saved

Jim Cramer's Lightning Round: Vertex, Columbia Sportswear, Palantir, Upstart, Nvidia - A Stock Analysis

Jim Cramer, host of CNBC's "Mad Money," shared his thoughts on various stocks during his lightning round segment. He praised Vertex as an "excellent" company, while expressing skepticism towards BlackBerry and Under Armour. Cramer recommended holding off on buying more Shopify shares and suggested considering Kyndryl as a potential winner in the market.

via CNBC|

#blackberry #kyndryl #sabre

business2 years ago•0 min saved

Kyndryl's Shares Soar as Outlook Brightens

Kyndryl, the IT services company that spun out of IBM, saw a spike in its shares after reporting better-than-expected financial results for the June quarter and raising its full-year guidance.

via Barron's|

#business #financial-results #guidance

business2 years ago•1 min saved

IBM's Q1 Profit at Risk Amid Cloud Costs and Market Volatility

IBM's Q1 earnings are expected to be impacted by increased costs of cloud platform development and adverse currency conversions, which could narrow the company's margin and impact profit. The company has forecast a $300 million charge related to the sales of its Kyndryl and Watson businesses. IBM's net income is expected to fall almost 10% to $1.2 billion, while revenue is expected to increase to $14.4 billion. The company's high-margin software segment is expected to report its slowest rate of revenue and profit growth in over two years.

via Investopedia|

#business #cloud-computing #ibm