Despite cloud growth, Kyndryl shares drop 5.4% on quarterly revenue decline

Shares of Kyndryl Holdings Inc. closed 5.38% lower today after it reported a larger-than-expected sales decline for its fiscal first quarter. The technology services giant ended the three months through June 30 with $3.61 billion in revenue. That’s 3% less than a year earlier and 1.2% below the consensus estimate. Nevertheless, there were a number […] The post Despite cloud growth, Kyndryl shares drop 5.4% on quarterly revenue decline appeared first on SiliconANGLE.