Kyndryl Holdings Inc. has released its annual report for the fiscal year ending March 31, 2025. The company's report outlined segment revenue and adjusted EBITDA for the years ending March 31, 2025, 2024, and 2023, with year-over-year comparisons. A notable financial update included a change in estimate that resulted in a reduction in depreciation expense and an improvement in income before income taxes by approximately $180 million, or $0.80 per basic share and $0.77 per diluted share, for the year ended March 31, 2025. The report also contained a cautionary note regarding forward-looking statements, emphasizing that the company's actual future results could differ materially from these projections due to various risks and uncertainties. However, specific outlook or guidance figures were not detailed in the provided excerpt.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.