Company: KD
Filing Date: 2025-07-21
Form Type: CORRESP
Source: 0001104659-25-069300
Chunk: 4

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-07-21
Form: CORRESP
Chunk 4
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 profit book-to-bill as key performance indicators for managing its business.Rather, the Company discloses these measures
as additional supplemental color to illustrate to investors the quality of our signings growth. The book-to-bill and gross profit book-to-bill
calculations are derived from signings over the trailing twelve months. These signings-dependent metrics illustrate the Company’s
progress in executing on its strategic and growth initiatives and the Company’s value proposition over the long term. As previously
discussed, the Company includes quantitative and qualitative information about signings in its periodic reports, in addition to describing
material underlying factors impacting changes in the results of operations, such as the impact of signings. Therefore, while the Company
uses these additional supplemental metrics to describe the financial and strategic progress on the Company’s long-term strategy
in its investor presentations, the Company does not believe that disclosing book-to-bill or gross profit book-to-bill in the Company’s
periodic filings would provide material information to investors beyond the signings information already provided that would be necessary
to an understanding of the Company’s performance. Further, management does not use gross profit book-to-bill to manage the Company’s
business or to make strategic decisions.

The Company will continue to monitor whether changes in the
business have shifted the way management views these metrics and whether there are any additional key performance measures that may require
disclosure under Item 303 of Regulation S-K and SEC Release No. 33-10751.

If you have any questions, please contact me at david@kyndryl.com.

| Very truly yours,       |
| /s/ David B. Wyshner    |
| David B. Wyshner        |
| Chief Financial Officer |

| cc: | Edward Sebold, General Counsel and Secretary |

Vineet Khurana, Senior Vice President and Global
Controller

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