Kyndryl (KD) Q1 FY27 earnings call

Kyndryl delivered Q1 FY27 results marked by strong execution in strategic growth areas, particularly Kyndryl Consult and hyperscaler alliances, driven by AI-led modernization. Despite revenue declines and a seasonal free cash flow outflow, the company remains confident in its ability to achieve its FY27 and FY28 financial targets, supported by workforce rebalancing actions and a focus on higher-value signings. The evolving IBM partnership continues to impact top-line revenue but is not expected to materially affect earnings or service scope.