Kyndryl aims to grow consulting business to 15% of top line by 2025

Kyndryl, the independent entity formed after the spin-off of IBM’s infrastructure services, aims to grow its consulting business to over 15 per cent of its revenues by 2025 from 13 per cent now, said Ashish Kothari, vice-president and partner, Kyndryl Consult.

Given that consulting is a high-margin business, even a 1 per cent rise in consulting revenues can significantly boost margins, said experts.

For the financial year ended March 31, 2023, Kyndryl reported revenues of $17 billion, a decline of 7 per cent compared to last year. To put in perspective, Accenture, considered the largest consulting firm globally, reported a 25 per cent increase in consulting revenues to $34.1 billion for FY22. This is more than 50 per cent of its total revenues of $61.6 billion.