Kyndryl

The interim era is over. Kyndryl just named a permanent CFO who ran finance at a global public company from 2020 to 2025, and a general counsel with 18 years at IBM plus more than a decade at his last employer. That stability matters for a business managing systems for thousands of customers in over 60 countries.

Kyndryl recently posted 3% revenue growth, a real shift for a business that shrank for years. Their cloud partnerships pulled in 500 million dollars in a single quarter, up 58% year over year, while their consulting arm grew 24%. One out of every four new contracts they sign now includes AI work.

The company still has not filed its first quarter earnings report and Form 10-Q, now planned for August 5, with the interim finance chief carrying it over the line before the new CFO starts August 6. Late filings make investors nervous, even when nothing is actually wrong with the numbers.

Full-year revenue is still expected to decline 2% to 3% in constant currency. Total signings over the last twelve months were 15.4 billion dollars, well below the 18 billion the business used to clear, and the company hasn't proven it can replace shrinking legacy work fast enough to flip back into real growth.