{"id":952829,"date":"2025-08-06T07:44:54","date_gmt":"2025-08-06T02:14:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=952829"},"modified":"2025-08-06T07:54:09","modified_gmt":"2025-08-06T02:24:09","slug":"kyndryls-first-quarter-profit-soars-as-renegotiated-contracts-aid-margins","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/06\/kyndryls-first-quarter-profit-soars-as-renegotiated-contracts-aid-margins\/","title":{"rendered":"Kyndryl&#8217;s first-quarter profit soars as renegotiated contracts aid margins"},"content":{"rendered":"<p>Kyndryl Holdings&#8217; first-quarter profit soared more than five-fold, the company said on Monday, as the former IBM unit&#8217;s renegotiation of contracts helped improve margins on its services.<\/p>\n<p>The company, formerly IBM&#8217;s infrastructure services business, has been restructuring multiple no-margin contracts it inherited from the Big Blue to generate higher profits, but at the cost of revenue growth.<\/p>\n<p>Kyndryl&#8217;s net income soared to $56 million for the June quarter from a profit of $11 million in the year-ago-period, while revenue was flat at $3.74 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kyndryl Holdings&#8217; first-quarter profit soared more than five-fold, the company said on Monday, as the former IBM unit&#8217;s renegotiation of contracts helped improve margins on its services. The company, formerly IBM&#8217;s infrastructure services business, has been restructuring multiple no-margin contracts it inherited from the Big Blue to generate higher profits, but at the cost of revenue growth. Kyndryl&#8217;s net income soared to $56 million for the June quarter from a profit of $11 million in the year-ago-period, while revenue was flat at $3.74 billion.<\/p>\n","protected":false},"author":8,"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-952829","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\/952829","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=952829"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/952829\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=952829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=952829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=952829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}