Kyndryl Raises FY24 Adjusted EBITDA Margin Outlook To Approximately 14% From Its Prior Projection Of 12%-13%
Portfolio Pulse from Benzinga Newsdesk
Kyndryl has increased its FY24 adjusted EBITDA margin outlook to approximately 14%, up from its previous projection of 12%-13%.
August 07, 2023 | 8:45 pm
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Kyndryl's upward revision of its FY24 adjusted EBITDA margin outlook could indicate a positive financial performance, potentially impacting its stock positively.
Kyndryl's upward revision of its FY24 adjusted EBITDA margin outlook suggests that the company expects to improve its profitability. This could be due to cost reductions, increased efficiency, or higher revenues. Such positive financial expectations often lead to increased investor confidence, which could drive the stock price up in the short term.
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