Kyndryl shares surge 30% after better-than-expected second-quarter earnings
AIKyndryl shares jumped 30% after the company reported better-than-expected second-quarter fiscal 2027 results, with $3.9 billion in sales, down 1.9% from a year earlier, and an adjusted net income of $92 million, or 42 cents per share, against analyst expectations of 41 cents. Hyperscaler-related revenue topped $500 million, up 27% year over year, and Kyndryl Consult signings rose 19%.
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SiliconANGLE · AI · Maria Deutscher · siliconangle.comPublished · added here
Original title: Kyndryl shares surge 30% on hyperscaler-related revenue growth