Kyndryl Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 04:22 pm EST
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Kyndryl Holdings, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 3,936 million compared to USD 4,303 million a year ago. Net loss was USD 12 million compared to USD 106 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.47 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.47 a year ago.
For the nine months, sales was USD 12,202 million compared to USD 12,771 million a year ago. Net loss was USD 295 million compared to USD 637 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to USD 2.81 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to USD 2.81 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. 
