Why did KD's Q1 2025 earnings fall short of forecasts?

Kyndryl Holdings' (KD) Q1 2025 earnings fell short of forecasts due to a combination of factors:

1. **Currency Movements and Divestitures**: Kyndryl's revenue decline is attributed to currency movements and the divestiture of the SIS platform in Canada. These factors indicate that the company's financial performance is being impacted by strategic decisions and external economic factors.
2. **Cost Management and Profitability Challenges**: The company's adjusted EBITDA and free cash flow figures have been called into question, with allegations of manipulation and inflated profitability. This suggests that Kyndryl is facing challenges in managing costs and improving profitability, which may have contributed to the shortfall in earnings.

In summary, Kyndryl's Q1 2025 earnings fell short of forecasts due to a combination of currency movements, divestitures, and cost management challenges.