The following is a summary of the Kyndryl Holdings, Inc. (KD) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Kyndryl reported Q4 revenue of $3.8 billion, a decrease of 9%, due to the strategic exit from low-margin ventures.

• They posted a 19% increase in adjusted EBITDA to $566 million, raising their adjusted EBITDA margin year-over-year by 350 basis points to 14.7%.

• 2024 fiscal year's revenue came in at $16.1 billion. The adjusted EBITDA saw growth of 20% to $2.4 billion.

• Adjusted pretax income was at $165 million, outstripping last year's figures significantly. The business anticipates an adjusted pretax income of at least $435 million for fiscal 2025.

Business Progress:

• The Consult business achieved a 15% growth year-over-year, resulting in an increase of 3% in total signings.

• Partnerships with hyperscalers yielded over $150 million in Q4 revenue, making the total year's hyperscaler-related revenue $500 million.

• Kyndryl Bridge, with its 9500 delivery professionals, has enabled new revenue opportunities with cost savings of $575 million annually.

• Kyndryl anticipates hyperscaler related revenue to be near $1 billion in fiscal 2025.

• With strong earnings conversion into cash flow, the business sees a path towards future growth and market leadership.

• Performance made in Consult and with hyperscalers gives the company confidence in returning to growth in FY 2025.

• Decision to eliminate low-margin, no-margin OEM has accelerated growth, with the 'run and transform' approach resonating well with customers. The company is well-positioned for a successful upcoming fiscal year.

More details: Kyndryl IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.