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Stock impact report

Unpacking Q4 Earnings: Kyndryl (NYSE:KD) In The Context Of Other IT Services & Consulting Stocks [Yahoo! Finance]

Kyndryl Holdings, Inc. (KD) 
Company Research Source: Yahoo! Finance
IT Services & Consulting companies stand to benefit from increasing enterprise demand for digital transformation, AI-driven automation, and cybersecurity resilience. Many enterprises can't attack these topics alone and need IT services and consulting on everything from technical advice to implementation. Challenges in meeting these needs will include finding talent in specialized and evolving IT fields. While AI and automation can enhance productivity, they also threaten to commoditize certain consulting functions. Another ongoing challenge will be pricing pressures from offshore IT service providers, which have lower labor costs and increasingly equal access to advanced technology like AI. The 8 it services & consulting stocks we track reported a strong Q4. As a group, revenues beat analysts' consensus estimates by 1% while next quarter's revenue guidance was 0.8% above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 28.9% sin Show less Read more
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