Kyndryl Reaffirms Constant-currency Revenue Outlook And Its FY24 Targets For Benefits From Its Three-A Initiatives; Expects Adjusted Free Cash Flow To Be Positive
Portfolio Pulse from Benzinga Newsdesk
Kyndryl has reaffirmed its constant-currency revenue outlook and its FY24 targets for benefits from its Three-A initiatives. The company also expects its adjusted free cash flow to be positive.
August 07, 2023 | 8:46 pm
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POSITIVE IMPACT
Kyndryl's reaffirmation of its revenue outlook and FY24 targets, along with the expectation of positive adjusted free cash flow, could instill confidence in investors.
Kyndryl's reaffirmation of its revenue outlook and FY24 targets indicates the company's confidence in its financial performance. The expectation of positive adjusted free cash flow is a positive sign of the company's financial health, which could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100