Kyndryl misses third-quarter revenue estimates as strong dollar weighs
Live MintFeb 3 - Kyndryl on Monday missed Wall Street estimates for third-quarter revenue, as strong AI-linked sales were offset by a strong dollar and the IT services provider's shedding of lower-margin deals. Kyndryl's December-quarter revenue of $3.74 billion missed analysts' average estimate of $3.81 billion, according to data compiled by LSEG. In the third quarter, Kyndryl recognized $300 million in revenue tied to customers using services from large-scale cloud providers and now expects to exceed its "hyperscaler" revenue target of nearly $1 billion in fiscal year 2025. "I do expect that everyone will try to understand what DeepSeek has accomplished and how relevant it is for them," Kyndryl Chief Executive Martin Schroeter told Reuters in an interview.
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Kyndryl beats second-quarter revenue estimates on consulting strength
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