{"id":839532,"date":"2024-08-01T09:27:10","date_gmt":"2024-08-01T03:57:10","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839532"},"modified":"2024-08-01T09:27:10","modified_gmt":"2024-08-01T03:57:10","slug":"kyndryl-records-first-quarterly-profit-as-consulting-strengthens","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/01\/kyndryl-records-first-quarterly-profit-as-consulting-strengthens\/","title":{"rendered":"Kyndryl records first quarterly profit as consulting strengthens"},"content":{"rendered":"<p>IT services provider Kyndryl Holdings recorded its first quarterly profit since its spin-off in 2021, helped by growth in its consulting segment and a shift to higher-margin deals.<\/p>\n<p>The company, the former infrastructure services business of IBM, also raised its forecast for 2024 core operating margin and annual adjusted pre-tax income.<\/p>\n<p>Kyndryl reported a net income of $11 million in the first quarter, compared to a loss of $141 million in the year-ago period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT services provider Kyndryl Holdings recorded its first quarterly profit since its spin-off in 2021, helped by growth in its consulting segment and a shift to higher-margin deals. The company, the former infrastructure services business of IBM, also raised its forecast for 2024 core operating margin and annual adjusted pre-tax income. Kyndryl reported a net income of $11 million in the first quarter, compared to a loss of $141 million in the year-ago period.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-839532","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839532"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839532\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}