Thread regarding Kyndryl layoffs

Today 27.27 USD per stock. And I paid just 9 USD per one some time ago. So far best investment. Doesn't look like dying company for me

Wrong this company will falter and fall, so will their stock. It is inevitable the company is not competently managed. IBM casted them off to fail, and fail it shall.

I'm not gonna sell my Kyndryl stocks yet. If they achieve their goal to reduce debt until 2025 and even get net profit the stocks will skyrocket. They didn't cost much anyway, back in time they were 9$ each so it's a big profit anyway. I think they will achieve their goal.

I find it amusing, that kyndryl seems not to have a clue what there work from home employee's are up to. To many of them are actually working other full time jobs simultaneously while holding down their full time job at Kyndryl. There is even persons working physical jobs at other company's while they are signed in for kyndryl. Oh, and lets not forget about the ones that have a side lunch gig's at Door Dash or Grubhub or the other one and done gig jobs. I personally know to workers who like to travel the country on a whim or take mini vacations with his wife for days on end. This work from home is a joke! Management are clueless id--ts for not stemming this behavior.

KD is like IBM in that it is a trader's stock, not an investment stock. That means that in general, traditional qualities are temporarily ignored in favor of raw price action. Buy when price dips, and sell when price is high. Everyone in the market is looking for return right now, either on price jumps or on price dips.

Over the past several months, price went up to $23/share or so, then dropped to $19 for a while. Price then quickly spikes to $26 on news.

Sell the stock if you still have any, and short the stock if you are able. This rise will not last.

May 8, 2024 the stock closed at 26.55 -- hasn't been this high since November 1, 2021

Go baby, go!

I don't get it either. Where is this turn around going to come from. We are still considered IBM light. Our competition is eating our lunch. We are carrying to much debt. There is no turn around in our future. Not on the path we are charting now. Really no new quality customers, lots of nothing partnerships. No real revenue flowing in. Lots of overhead costs, expensive real-estate to pay for. Expensive to be IBM's neighbor.

How in sweet mercy would this be possible? There is NO NEW BUSINESS coming in! Pipeline is $0. Someone please help me to understand.

What numbers and BS were these posters looking at. This quarterly posting was horrendous. They lost money big time. The earnings call was filled with mumbo jumbo financial speak. This company did not make any money period. Any bump the stock got will be temporary. The numbers are just not there. They will now and I mean now, start rebalancing employee numbers. They will,they have to the losses need to be stemmed and slowed.

Wow, indeed, over 24$ per stock. Recently was a bit over 20$. Sad that this "success" does not translate into our salaries. No annual bonuses this year, freeze for salary raises and promotions (understood us getting higher bend with 30% higher salary at least). The company won't continue to grow when best people leave, something for board to think about

[Complete text below of article referenced by OP].

By: Eric J. Savitz
Updated May 7, 2024 4:45 pm ET / Original May 7, 2024 4:15 pm ET

Kyndryl Holdings, the IT services infrastructure provider, posted better-than-expected quarterly results and guidance for fiscal 2025 that topped estimates.

Kyndryl stock in late Tuesday trading was up 5.2% at $21.84.

Kyndryl was spun out of IBM in November 2021. The company has since been working to shed low-margin and zero-margin business, adding new initiatives, in particular with cloud providers, with an eye on returning to top-line growth and consistent profitability. CEO Martin Schroeter says the plan is running a little ahead of schedule.

For the fiscal fourth quarter ended March 31, Kyndryl posted revenue of $3.85 billion, down 10% from a year ago, or 9% lower adjusted for currency, edging the Street consensus forest at $3.76 billion.

Adjusted Ebitda, or earnings before interest, taxes, depreciation, and amortization, was $566 million, ahead of the Street consensus as tracked by FactSet at $541 million. On an adjusted basis, Kyndryl lost a penny a share; the Street had expected a loss of two pennies. Under generally accepted accounting principles, the company lost $45 million, or 20 cents a share. “We feel great about how we finished the fiscal year,” Schroeter said in an interview with Barron’s.

One area of strength was the company’s Kyndryl Consult arm, which posted constant currency growth of 15% in the quarter compared with the same period last year. That strong growth contrasts with soft consulting performance at both Accenture and IBM. Kyndryl Consult is about 15% of the company’s overall revenue.

For 2025, Kyndryl sees revenue down between 2% and 4% in constant currency from the $16.1 billion reported for 2024, which implies a range of $15.2 billion to $15.5 billion, at the midpoint a little ahead of the Street consensus at $15.28 billion.

Kyndryl sees 2025 adjusted Ebitda margin of 16.2%, above consensus at 15.8%, with adjusted pretax income of at least $435 million, above the Street at $404 million.

Kyndryl also said it expects to return to positive revenue growth on a constant currency basis starting with the March 2025 quarter. The company had previously forecast a return to top-line growth in the calendar 2025 second half, putting them at least two quarters ahead of schedule.

“As we start our new fiscal year, we have pivoted from transformation to growth,” Schroeter said.

Asked how far the company has come since its spinout, Schroeter said “we have fixed the business.” He added that Kyndryl had to prove that it could create value for customers, capture some of that value for the company, and provide an investible thesis for investors. Kyndryl needed to show that it could both return to growth and profitability—and the company is ahead of schedule on both fronts.

Video with Martin S: Kyndryl CEO on the company's turnaround after IBM split

https://finance.yahoo.com/video/kyndryl-ceo-companys-turnaround-ibm-214246005.html