Kyndryl revenue declines but profits beat expectations as shift to higher-margin services continues

Kyndryl Holdings Inc. reported a small revenue decline but a higher profit for its fiscal second quarter. The information technology services company said revenue for the quarter ended Sept. 30 fell 1% year-over-year to $3.7 billion, below analyst expectations of $3.84 billion. Measured in constant currency, revenue declined 3.7%. The company said the decrease reflected […]

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