Kyndryl Holdings Inc (KD) reported its fourth quarter results for fiscal year 2024, revealing a revenue of $3.85 billion, down 9% in constant currency year-over-year, driven primarily by a strategic exit from low-margin business lines. Despite the revenue decline, the company's adjusted EBITDA grew by 19% to $566 million, indicating a solid operational execution driven by effective cost management and strategic shifts towards higher-margin services such as Kyndryl Consult, which achieved a 15% revenue growth. Management expressed confidence in achieving revenue growth again by Q4 FY 2025, supported by strong demand in key service sectors including AI and cloud services. The company’s disciplined operational approach and focus on long-term strategic goals are positioned to enhance profitability going forward.