<ul><li>Kyndryl Holdings Inc., the IT infrastructure services company formerly part of IBM, reported a narrow earnings and revenue beat in the fiscal second quarter.</li><li>Despite a 7% drop in revenue from the previous year, Kyndryl's revenue of $3.77 billion exceeded analysts' estimates.</li><li>Kyndryl's stock rose 2% in after-hours trading, following a 5% gain earlier in the day.</li><li>The company is benefiting from the demand for AI-powered applications and services, leading to a 23% increase in consulting revenue.</li></ul>

Kyndryl sees good traction with AI consulting services, and its stock moves higher

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