04:13 AM EDT, 08/01/2024 (MT Newswires) -- Kyndryl Holdings ( KD ) reported fiscal Q1 adjusted earnings late Wednesday of $0.13 per diluted share, compared with breakeven results a year earlier.

Analysts polled by Capital IQ expected $0.17.

Revenue for the quarter ended June 30 was $3.74 billion, compared with $4.19 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.79 billion.

The company raised its fiscal 2025 adjusted pretax income guidance to at least $460 million, compared with a prior outlook of at least $435 million.

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