Yahoo TV

IBM spin-off Kyndryl (KD) reporter an earnings beat for the first quarter of 2024, topping estimates with revenue of $4.2 billion, a narrower-than-expected loss of $0.17 per share, and an EBITDA margin of $612 million.

Kyndryl CEO Martin Schroeter sits down with Yahoo Finance Live to discuss the growth of Kyndryl since its spinoff from IBM, as well as the adoption of artificial intelligence. "Our customers are looking to make an AI journey, learning to understand how they can use AI [and] in order to do that, your infrastructure has to be ready," Schroeter says.

This post was written by Luke Carberry Mogan.