Kyndryl shares jump 30% after better-than-expected second-quarter earnings
Overview
Kyndryl shares rose 30% after the company reported second-quarter fiscal 2027 results that beat analyst expectations.
Adjusted net income was $92 million, or 42 cents per share, against an expected 41 cents, on sales of $3.9 billion, down 1.9% from a year earlier.
Hyperscaler-related revenue topped $500 million, up 27% year over year, and Kyndryl Consult signings rose 19%. The company forecasts fiscal 2027 adjusted pretax income of $600 million to $700 million and revenue flat to up 2%.
Written by AI from the articles below · updated Nov 4, 8:58 PM ET
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- SiliconANGLE · AINewsKyndryl 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%. The company forecasts fiscal 2027 adjusted pretax income of $600 million to $700 million and revenue flat to up 2%.
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