The entire thing is a joke, honestly. A BK is in the stars...
- Full-year 2021 revenues total $18.7 billion and net loss is $2.3 billion
- Pro forma revenues total $18.5 billion and pro forma adjusted pretax income is $114 million, both in line with previous guidance
- Rapidly positioning Kyndryl to capture growth opportunities through new partnerships with cloud hyperscalers and key initiatives
https://finance.yahoo.com/news/kyndryl-reports-fourth-quarter-full-212000522.html
Why would Kyndry's accounting close help their customers and customer relationships?
Seems fishy to me.
"Change in fiscal year – As previously announced, Kyndryl will change its fiscal year-end from December 31 to March 31, effective for the fiscal year ending March 31, 2023. This change will move Kyndryl's year-end away from the holiday season and many of our customers' year-ends, which the Company believes will be better for our customers and our customer relationships. "
Arvind reaction “phew…finally unloaded this dog…”
Ginny reaction “1-3-9…”
Sam reaction “where’s my co-----l…?”
Lou reaction “I warned you not to do get into this business….”
Kyndryl Stock Hits a New Low. A Turnaround Is Still Years Away. --
https://www.barrons.com/articles/kyndryl-stock-earnings-51646168273
By: Eric J. Savitz March 1, 2022 3:58 pm ET
[ Link to full article: @2znz+1fxPIZ0n ]