Kyndryl Holdings, Inc. reported its financial results for the fourth quarter and full year ended March 31, 2025. Revenue for the full year was $15.06 billion, a decline of 6% (4% in constant currency) from fiscal year 2024, primarily due to the intentional shedding of low-margin contracts.
Despite the full-year revenue decline, profitability saw significant improvement, with net income for fiscal year 2025 reaching $252 million, a substantial turnaround from a net loss of $340 million in fiscal year 2024. Adjusted pretax income reached $482 million, a significant increase from $165 million in FY2024, demonstrating substantial margin expansion.
The company achieved a significant milestone in Q4 FY2025, returning to positive constant currency revenue growth of 1.3% year-over-year. Adjusted free cash flow reached approximately $446 million in FY2025, a 53% increase from the prior year, and net cash provided by operating activities was $942 million.
Signings were strong, increasing 46% to $18.2 billion in FY2025, including a record 55 contracts valued over $50 million. Hyperscaler-related revenue more than doubled to $1.2 billion. The company also executed $94 million of its $300 million share repurchase program authorized in November 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.