Q1 FY2027 EarningsQ1 FY27 results delivered a slight revenue beat but missed significantly on bottom-line and cash flow metrics due to aggressive workforce rebalancing. Revenue of $3.62B was essentially in-line (+0.14% vs. consensus), while adjusted EPS of -$0.12 missed the -$0.17 consensus, primarily weighed down by $152M in restructuring charges. Free Cash Flow (FCF) was a substantial use of $401M, missing the consensus floor of -$392M. Despite these near-term hits, strong momentum in Kyndryl Consult (+10% YoY) and Hyperscaler-related revenue (+34% YoY) prompted management to reaffirm full-year FY27 guidance.