Kyndryl Holdings, Inc. (NYSE:KD) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET

Company Participants

Lori Chaitman - Global Head, IR

Martin Schroeter - Chairman & CEO

David Wyshner - CFO

Conference Call Participants

Divya Goyal - Scotiabank

David Togut - Evercore

James Friedman - Susquehanna Financial Group

Operator

Good day and thank you for standing by and welcome to the Kyndryl's Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers presentation there will be a question and answer session. [Operator Instructions]. Please note that today's conference is being recorded.

I would now like to hand the conference over to your first speaker of the day, Lori Chaitman, Head of Investor Relations.

Lori Chaitman

Good morning, everyone, and welcome to Kyndryl's earnings call for the second fiscal quarter ended September 30, 2023. Before we begin, I'd like to remind you that our remarks today will include forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied. These forward-looking statements speak only to our expectations as of today and we are under no obligation to update them.

For more details on these risks, please see the Risk Factors section of our annual report on Form 10-K for the year ended March 31, 2023. In today's remarks, we'll also refer to certain non-GAAP financial measures. Corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP measures for historical periods are provided in the presentation materials for today's event, which are available on our website at investor.kyndryl.com.

With me here today are Kyndryl's Chairman and Chief Executive Officer, Martin Schroeter, and Kyndryl's Chief Financial Officer, David Wyshner. Following our prepared remarks, we will hold a Q&A session.

I'd like to now turn the call over to Martin. Martin?

Martin Schroeter

Thank you, Lori, and thanks to each of you for joining us. Last week we marked our second anniversary as an independent company and we're delivering progress at an accelerated pace.

Today I want to talk about why we've been able to succeed. Of course our first half performance reflects continued progress and strong execution positioning us really well for the year as a whole and we're raising our full year earnings outlook.

Our 3A's initiatives centered on alliances and advanced delivery and accounts are paving the way for profitable growth. Kyndryl Consult, Kyndryl Bridge and our efficiency efforts are also driving our results and as an organization we're delivering strong performance that is evident both in our financial metrics and in our customer satisfaction scores.