Kyndryl Reports First-Quarter FY2027 Results With $152M Rebalancing Charges
Kyndryl posted a pretax loss of $69 million in first-quarter FY2027 ended June 30, 2026, versus pretax income a year earlier, and recorded $152 million of workforce rebalancing charges. Adjusted net loss was $26 million. Signings rose on strength in Kyndryl Consult and hyperscalers, with Kyndryl Consult revenues up 14% to $3.6 billion over 12 months. Rebalancing is expected to deliver $400 to $500 million annual run-rate savings in FY2028.