Kyndryl Shares Surge 30% on Earnings

Kyndryl shares jumped 30% after the company reported second-quarter 2027 fiscal year earnings. Sales reached $3.9 billion, a 1.9% decrease from the prior year, yet exceeded analyst estimates by $50 million. The growth stems from its Kyndryl Consult unit, which grew 4.2% and generated $3.6 billion annually. Hyperscale-related revenue topped $500 million, rising 27% year-over-year.