Kyndryl has announced results for Q1 2022.
Q1 2022:
- Revenues were $4,431m, down 7.1% y/y, down 3% in CC
- Adjusted EBITDA was $536m, an adjusted EBITDA margin of 12.1%, up 1.4 pts y/y.
Q1 2022 revenue (and y/y growth and in CC) by segment was:
- United States: $1,169m, (-4.8%, -5% in CC)
- Japan: $706m, (-7.5%, +1% in CC)
- Principal Markets: $1,579m, (-13.5%, -9% in CC)
- Strategic Markets: $978m, (+2.4%, +6% in CC).
Initial guidance for FY22 includes:
- Revenues: decline of 3-4% in Constant Currency
- Adjusted EBITDA margin of 13-14%.
| Vendor | Kyndryl |
| Initial currency type (specify local currency used) | US$ |
| Period Ending | 2022-05-05 |
| Growth | -7.1 |
| Revenues ((m) in local currency | 4431 |
| Revenues (in $m at that date) | 4431 |