Kyndryl Stock Soars After An Adjusted Profit Surprise

Art PostAdmin VIP

An expected adjusted pre-tax profit this year and going forward led Kyndryl investors Monday to drive the company’s stock up more than 13 percent in after-hours trading.

Kyndryl, the New York-based global IT infrastructure services provider spun out from IBM in November of 2021, Monday reported its first fiscal quarter 2024 finances, a report that indicated the company has returned to profitability two years after the spin-out.

Kyndryl, ranked No. 8 on CRN’s 2023 Solution Provider 500, is slated to hold its fiscal first quarter 2024 quarterly financial analyst conference call on Tuesday morning. more here

8/8/239:41 PM

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