Kyndryl has announced results for Q4 and full year 2021.
Q4 2021:
- Revenues were $4,556m, down 7.5% y/y
- Adjusted EBITDA was $575m, an adjusted EBITDA margin of 12.6%, down 0.6 pts y/y.
Q4 2021 revenue (and y/y growth) by segment was:
- United States: $1,193m, (-6.7%)
- Japan: $683m, (-12.5%)
- Principal Markets: $1,670m, (-10.7%)
- Strategic Markets: $1,010m, (+1.4%).
Please note: Principal Markets is comprised of Australia/New Zealand, Canada, France, Germany, India, Italy, Spain/Portugal, and U.K./Ireland. Strategic Markets is comprised of Kyndryl’s operations in all other geographic locations.
Full Year 2021:
- Revenues were $18,657m, down 3.6% y/y, down 5% in CC
- Adjusted EBITDA was $2,049m, an adjusted EBITDA margin of 11%, down 0.3 pts y/y.
Full Year 2021 revenue (and y/y growth) by segment was:
- United States: $4,805m, (-5.5%)
- Japan: $2,923m, (-3.9%)
- Principal Markets: $7,058m, (-1.4%)
- Strategic Markets: $3,844m, (-4.9%).
Initial guidance for Q1 FY23 includes:
- Revenues: decline of ~5% in Constant Currency
- Adjusted EBITDA margin of 12-13%.
| Vendor | Kyndryl |
| Initial currency type (specify local currency used) | US$ |
| Period Ending | 2021-12-31 |
| Growth | -7.5 |
| Revenues ((m) in local currency | 4556 |
| Revenues (in $m at that date) | 4556 |