Kyndryl Q4 revenue falls 10% to $3.8 billion; net loss narrows to $45 million
Kyndryl reported fourth-quarter fiscal 2024 revenue of $3.8 billion, down 10% year over year, as it reduced inherited no-margin and low-margin third-party content in customer contracts. The net loss narrowed to $45 million from $737 million a year earlier, and adjusted pretax income rose to $30 million from an adjusted loss of $61 million. For fiscal 2025, the company expects constant-currency revenue growth of (2%) to (4%) and adjusted pretax income of at least $435 million.
Key points
- Q4 revenue $3.8 billion, down 10% (9% in constant currency); net loss $45 million, or ($0.20) per diluted share, versus $737 million, or ($3.24), a year earlier
- Q4 adjusted pretax income $30 million, versus an adjusted pretax loss of $61 million in the prior-year quarter
- Fiscal 2024 revenue $16.1 billion, down 6%; net loss $340 million, or ($1.48) per diluted share; adjusted free cash flow $291 million
- Fiscal 2025 outlook: revenue growth of (2%) to (4%) in constant currency and adjusted pretax income of at least $435 million, versus $165 million in fiscal 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.