In the second quarter of 2025, Kyndryl Holdings Inc (KD) reported a total revenue of $3.774 billion, reflecting a 7% year-over-year decline in constant currency, primarily due to an intentional shift away from lower-margin customers. However, the company experienced a record quarter for signings with a remarkable 132% growth compared to the prior year, leading to an annualized total of $16 billion in signings. The strategic emphasis on high-margin advisory services, demonstrated by a significant increase in Kyndryl Consult revenues, which grew 23% YoY, showcases the company’s resilience amidst a challenging revenue environment. Management remains optimistic about returning to revenue growth in the upcoming quarters, driven by strong growth in consult services and notable advancements in AI integration.