Kyndryl CEO: Longer Sales Cycles Weighing on Outlook -- Market Talk

Dow Jones
Feb 09

0938 ET - Kyndryl Holdings cut its outlook for the full fiscal year due to longer sales cycles and its evolving partnership with IBM, Chief Executive Martin Schroeter says on a call with analysts. Schroeter said that with artificial-intelligence acceleration and regulatory uncertainty around data sovereignty, "long-term agreements have become more complex, and therefore sales cycles are taking longer." He added that holdover customers from when the company was an IBM unit are changing their consumption models. "It does have an impact on the size of our signings and therefore the revenue we receive over time." He didn't comment on a review of the company's financial reporting practices, but said the company's 2026 goals remain in place. Shares slide 55%.(elias.schisgall@wsj.com)

 

(END) Dow Jones Newswires

February 09, 2026 09:38 ET (14:38 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10