Kyndryl beats second-quarter revenue estimates on consulting strength
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Kyndryl exceeded second-quarter revenue estimates due to strong demand for its consulting services, particularly from businesses adopting generative AI technology.
November 06, 2024 | 9:30 pm
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Kyndryl's second-quarter revenue exceeded expectations, driven by increased demand for consulting services related to generative AI technology.
Kyndryl's revenue beat indicates strong performance in its consulting segment, particularly with businesses adopting generative AI. This suggests a positive short-term impact on KD's stock price as the market may react favorably to the company's ability to capitalize on AI trends.
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