Kyndryl Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 02, 2022 at 04:15 pm EDT
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Kyndryl Holdings, Inc. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 4,179 million compared to USD 4,579 million a year ago. Net loss was USD 281 million compared to USD 690 million a year ago. Basic loss per share from continuing operations was USD 1.24 compared to USD 3.08 a year ago. Diluted loss per share from continuing operations was USD 1.24 compared to USD 3.08 a year ago.
For the six months, sales was USD 8,467 million compared to USD 9,330 million a year ago. Net loss was USD 531 million compared to USD 1,079 million a year ago. Basic loss per share from continuing operations was USD 2.35 compared to USD 4.81 a year ago. Diluted loss per share from continuing operations was USD 2.35 compared to USD 4.81 a year ago.
Kyndryl Holdings, Inc. is a technology services company. The Company is an infrastructure services provider in the world, serving as a partner to enterprise customers. The Company operates through four segments: United States, Japan, Principal Markets, and Strategic Markets. It provides a set of technology services around hybrid cloud solutions, business resiliency and network services for information technology (IT) transformations. Its cloud services provide a 360-degree approach to identifying and solving challenges and driving transformation forward. Its Core Enterprise and zCloud Services support a range of enterprise infrastructure, including private clouds, mainframe environments, distributed computing, enterprise networks and storage environments. Kyndryl Bridge is an open integration platform that delivers IT solutions. It offers its services to industries, such as banking and financial markets, chemical, oil and gas, communications and media, government and healthcare.
KYNDRYL HOLDINGS, INC. 
