KD - Kyndryl Holdings Inc. (KD) Q4 2024 Earnings Call Transcript
2024-05-08 14:45:29 ET
Kyndryl Holdings, Inc. (KD)
Q4 2024 Earnings Conference Call
May 08, 2024, 08:30 AM ET
Company Participants
Lori Chaitman - Global Head of Investor Relations
Martin Schroeter - Chairman and CEO
David Wyshner - Chief Financial Officer
Conference Call Participants
Divya Goyal - Scotiabank
Tien-Tsin Huang - JPMorgan
Jamie Friedman - Susquehanna
David Togut - Evercore ISI
Presentation
Operator
Good morning, ladies and gentlemen, and thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Kyndryl Fiscal Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Thank you.
And I would now like to turn the conference over to Lori Chaitman, Global Head of Investor Relations. You may begin.
Lori Chaitman
Good morning, everyone, and welcome to Kyndryl's earnings call for the fourth quarter and fiscal year ended March 31, 2024. Before we begin, I'd like to remind you that our remarks today will include forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied. These forward-looking statements speak only to our expectations as of today, and we are under no obligation to update them. For more details on some of these risks, please see the Risk Factors section of our annual report on Form 10-K for the year ended March 31, 2023.
In today's remarks, we'll also refer to certain non-GAAP financial metrics. Corresponding GAAP metrics and a reconciliation of non-GAAP metrics to GAAP metrics for historical periods are provided in the presentation materials for today's event, which are available on our website at investors.kyndryl.com.
With me here are Kyndryl's Chairman and Chief Executive Officer, Martin Schroeter; and Kyndryl's Chief Financial Officer, David Wyshner. Following our prepared remarks, we will hold a Q&A session.
I'd now like to turn the call over to Martin. Martin?
Martin Schroeter
Thank you, Lori, and thanks to each of you for joining us. I am excited about all that we at Kyndryl accomplished in our second fiscal year as an independent company, and I cannot be more proud of our teams around the world. We delivered solid fourth quarter results exceeded our full year targets on all of our three initiatives, alliances, advanced delivery and accounts and exceeded our guidance for fiscal 2024. We also delivered strong growth across Kyndryl Consult. We expanded our hyperscaler relationships and accelerated adoption of Kendall Bridge, and we're providing our fiscal 2025 outlook that includes substantial earnings growth and free cash flow. And importantly, we're pulling forward the timing of returning to revenue growth and now expect to deliver positive revenue growth in the fourth quarter of this fiscal year....
Kyndryl Holdings, Inc. (KD) Q4 2024 Earnings Call Transcript