NYSE$KD
Kyndryl Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Kyndryl's first full quarter as an independent company, expanded technology ecosystem, invested in people, and delivered progress on Alliances, Advanced Delivery and Accounts initiatives.
Kyndryl reported revenues of $4.4 billion for the quarter ended March 31, 2022, a year-over-year decline of 7%. The company reported a net loss of $229 million, or $1.02 per diluted share. Signings totaled $3.1 billion, an increase of 27% in constant currency.
- Revenues for the quarter ended March 31, 2022 total $4.4 billion.
- Net loss is $229 million, pretax loss is $189 million, and adjusted pretax loss is $51 million.
- Delivers early progress on its Alliances, Advanced Delivery and Accounts initiatives.
- Issues outlook for the fiscal year beginning April 2022.
Headline financials
Revenue & EPS history
Kyndryl · Revenue · Quarterly
$4.43B
Forward guidance
Kyndryl is providing the following outlook for its fiscal year beginning April 1, 2022 and ending March 31, 2023:
Tailwinds
- Double-digit constant-currency signings growth compared to pro forma signings in calendar year 2021
- Revenue of $16.5 to $16.7 billion, which includes an approximately $1.0 billion or six-percentage-point negative currency impact. This represents a decline of (4)% to (3)% in constant currency compared to pro forma revenue for the twelve months ended March 31, 2022
- Adjusted EBITDA margin of 13% to 14%, reflecting currency headwinds and spin-off-related impacts on amortization, as discussed below
- Adjusted pretax margin of 0% to 1%, consistent with calendar year 2021 pro forma results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.8%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.7%
Avg return
30 days after
55%
12 / 22 earnings
Positive
+27.1%
Q4 2024
Best reaction
-54.9%
Q3 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -3.8% | -12.5% | -11.5% | |
| Q3 2026 | -54.9% | -47.9% | -46.1% | |
| Q2 2026 | -4.7% | -5.0% | -4.5% | |
| Q4 2025 | +10.5% | +24.2% | +21.8% | |
| Q3 2025 | +5.2% | +10.1% | -6.6% | |
| Q2 2025 | +19.8% | +22.1% | +50.1% | |
| Q1 2025 | -12.2% | -14.4% | -11.4% | |
| Q4 2024 | +27.1% | +30.5% | +26.9% | |
| Q3 2024 | +1.6% | +7.8% | +5.9% | |
| Q2 2024 | +15.1% | +15.1% | +19.3% | |
| Q1 2024 | +16.0% | +27.0% | +32.1% | |
| Q4 2023 | -13.6% | -19.6% | -8.4% | |
| Q3 2023 | +24.8% | +23.5% | +14.9% | |
| Q1 2021 | +7.0% | +6.2% | +38.8% | |
| Q2 2023 | -15.1% | -9.1% | +17.9% | |
| Q2 2021 | -0.6% | -1.4% | -8.7% | |
| Q1 2023 | +4.5% | +12.4% | +4.6% | |
| Q4 2019 | +1.4% | -0.9% | -18.6% | |
| Q1 2022 | +15.2% | +12.1% | +0.5% | |
| Q4 2021 | -14.7% | -24.9% | -16.9% | |
| Q4 2020 | -5.5% | -10.9% | +1.7% | |
| Q3 2021 | -5.5% | -10.9% | +1.7% |
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