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Kyndryl Holdings reports Q1 EPS (62c), consensus (91c)

Reports Q1 revenue $4.2B, consensus $4.09B. “We’re relentlessly transforming our business, and this past quarter represented an important turning point. We now expect to generate adjusted pretax profit this fiscal year and going forward. This return to profit, driven by our strong execution, positions us well to deliver the significant margin expansion we’ve targeted,” said Kyndryl Chairman and Chief Executive Officer Martin Schroeter.

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