Kyndryl Holdings

At the Citi Global TMT Conference Kyndryl reported a 3% revenue decline in the first quarter of fiscal 2027 but reiterated its full-year guidance of flat to -2%, which includes a 3-percentage-point headwind from reduced IBM content. Management expects low-single-digit revenue growth in 2028, supported by backlog, new bookings, US growth and hyperscaler services. Artificial intelligence and roughly 1,600 deployed agents are expected to increase productivity and profitability; Kyndryl also emphasizes capital discipline, an investment-grade rating and share buybacks (about 8% of outstanding shares repurchased). » More on de.investing.com

Kyndryl has granted Ellen Johnson and Andrew Bonzani substantial equity awards as hiring incentives under the Kyndryl 2026 Employment Inducement Equity Incentive Plan. Johnson received 248,514 performance-based PSUs (up to 180% at maximum performance), 121,248 RSUs vesting annually over four years, and 115,474 RSUs as a new-hire bonus vesting over three years. Bonzani received 138,063 performance-based PSUs (also up to 180%), 67,360 RSUs vesting annually over four years, and 96,228 RSUs as a new-hire bonus vesting over three years. The grants are subject to three-year and multi-year performance conditions and were approved by the Compensation and Personnel Committee pursuant to NYSE Rule 303A.08. » More on de.investing.com

Kyndryl reported a 3% revenue decline in Q1 of fiscal 2027 to $3.62 billion and an adjusted loss per share of $0.12, missing consensus. Restructuring charges of $152 million weighed on the results; adjusted EBITDA fell about 21% to $512 million and the margin dropped to 14.2%. Free cash flow worsened to -$459 million, and although Kyndryl Consult grew 10% and the hyperscaler business 34% and the full-year outlook was confirmed, investors still reacted negatively and the stock fell about 3.6% in morning trading. » More on de.investing.com