Amazing after 4 years of cutting and the strategys still not working. Mikeys 2nd rate gang take the easy option just cut more rather than grow. Same market area see how Kyndrl is run. That's what you call a transformation journey.
‘Basically we’ll make money not only this year, but we’ll make money on an operating basis from here on out. We feel very good about our progress on each of the elements that leads us to that high-single-digit profit margin that we’ve been talking to the world about over the medium term. And I think this is a great quarter, a great start. And our strategy, not only is it working, but it’s clear it can work to turn around this company and get to a stable revenue growth and a much more solid competitive level of profitability,’ says Kyndryl Chairman and CEO Martin Schroeter.
Looking ahead, Kyndryl raised its fiscal 2024 adjusted EBITDA margin outlook to about 14 percent compared to its previous projection of 12 percent to 13 percent, and now expects its fiscal 2024 adjusted pretax income to be at least $100 million.