According to MoneyDJ on November 13, Kyndryl (KD.US) disclosed material weaknesses in its financial reporting internal controls and delayed the submission of its 10-Q filing. The company stated it is reviewing cash management procedures, disclosure controls, and the effectiveness of internal controls over financial reporting. The stock rose 1.11% to $17.32.

Management reiterated its fiscal 2027 free cash flow target of $400 million to $500 million and confirmed its fiscal 2028 adjusted free cash flow target of $1 billion remains on track. Second-quarter revenue reached $3.65 billion, with trailing twelve-month contract bookings totaling $15.5 billion.

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