Kyndryl shares surge 30% on hyperscaler-related revenue growth
Kyndryl Holdings reported second-quarter fiscal 2027 results that exceeded market expectations, triggering a significant share price rally. While quarterly revenue of $3.9 billion represented a 1.9% decline from the prior year, the company beat the consensus earnings estimate. The growth was attributed to increased revenue from hyperscaler customers, indicating strong demand from major cloud and data center operators.
Key points
- Kyndryl shares surged 30% following earnings announcement
- Q2 revenue of $3.9 billion beat consensus estimates
- Hyperscaler-related revenue drove growth despite year-over-year sales decline
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