Kyndryl Holdings is expected to announce its quarterly earnings on Tuesday, May 5th, with a consensus estimate of $0.43 per share.
Kyndryl Holdings, Inc. (KD) saw a price increase to $13.71, up by 0.92% from the previous close. Trading volume reached $788,870, reflecting a 13.81% increase relative to the average.
The latest quarterly earnings report, released on Sunday, February 8th, showed earnings per share (EPS) at $0.6. The company is gearing up for its upcoming earnings announcement.
Kyndryl reported a positive free cash flow of $208 million, with net cash increasing by $12 million. Notable activities include $10 million in acquisitions and a debt repayment of $35 million.
Revenues for the period totaled $3.86 billion, resulting in a gross profit of $843 million. Operating income stood at $172 million, with a net income of $57 million translating to EPS of 25 cents.
Key ratios include a net profit margin of 1.48%, return on equity at 4.77%, and a price-to-earnings ratio of 26.53.
Kyndryl's total assets amount to $11.28 billion, with total liabilities at $9.97 billion. The company holds $450 million in cash and cash equivalents, with a net debt of $4.12 billion.
This comprehensive overview showcases Kyndryl's positive price movement, strong financial performance, and anticipation for the upcoming earnings report.
Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, telecommunications, retail, automobile, and transportation industries. The company was incorporated in 2020 and is headquartered in New York, New York.