Kyndryl shares surge 30% on hyperscaler-related revenue growth

Kyndryl shares surge 30% on hyperscaler-related revenue growth

Shares of Kyndryl Holdings Inc. jumped 30% today after it reported better-than-expected earnings for the second quarter of its 2027 fiscal year.

Kyndryl generated $3.9 billion in sales during the three months ended Sept. 30. That represents a 1.9% decrease from a year earlier, but the company still managed to top the consensus estimate by about $50 million. It attributed the top-line surprise to its Kyndryl Consult business.

Kyndryl, a former IBM…