Kyndryl Holdings

Kyndryl Holdings, Inc. operates as a technology services company, which engages in the provision of infrastructure services. It designs, builds, manages, and modernizes the mission-critical technology systems that the world depends on every day. The company was founded on December 4, 2020 and is headquartered in New York, NY.

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Kyndryl exceeds targets and sees opportunities in global expansion

Kyndryl's Q4 2023 Earnings Call highlighted strong performance, challenges in reducing focus accounts, and opportunities in client environments and global expansion. The company's three A's initiatives have created substantial value and positioned it for future growth.

Kyndryl exceeds expectations, raises outlook, and focuses on high-margin services

Kyndryl is on track to deliver revenue growth in calendar 2025 and is confident in its ability to drive progress and expand capabilities. The company's focus on higher-margin services, such as Kyndryl Consult, is expected to contribute significantly to revenue and margin growth. While facing some one-time costs, Kyndryl is optimistic about its future performance and the opportunities ahead.

Kyndryl reports revenue growth and strategic alliances, eyes shareholder returns

Kyndryl is driving progress in key initiatives, facing challenges from currency impacts and separation-related expenses. The company's strong financial position, focus on sustainability, and growth opportunities position it well for future success.

Kyndryl surpasses targets, focuses on growth and profitability strategies

Kyndryl's strong performance in exceeding targets and improving margins reflects operational efficiency and strategic focus on key initiatives.
While challenges exist in managing macro uncertainties and optimizing revenue retention strategies, opportunities in growth and innovation are evident.
The company's emphasis on customer-centric solutions, operational excellence, and financial discipline bode well for future success and profitability.
Overall, Kyndryl's Q4 earnings call highlights a balanced approach to addressing challenges and leveraging opportunities for sustained growth.

Kyndryl exceeds Q1 expectations, eyes revenue growth and margin improvement

Kyndryl's Q1 2024 performance exceeded expectations, with a positive outlook for the year. The company is focused on revenue growth, margin improvement, and addressing substandard margins. Despite challenges with significant costs this year, Kyndryl remains confident in its ability to drive earnings and convert them into free cash flow over the medium term.

Kyndryl reports resilient Q2 performance, eyes growth in key sectors

Kyndryl Holdings showcased strong performance in Q2 2024 despite a revenue decline, with a focus on margin expansion, free cash flow growth, and exceeding targets for advanced delivery initiatives.
The company's strengths lie in its leadership position, strategic alliances, and higher-margin revenue streams, while facing challenges in profit realization visibility and workforce execution.
Opportunities for Kyndryl include growth in key areas like cloud, security, and AI, as well as a continued focus on margin expansion, customer value enhancement, and sustainable growth strategies.

Kyndryl reports stable Q3 performance, eyes growth through tech alliances

Kyndryl Holdings showcased improved operational efficiency and financial stability despite a decline in revenue, with a focus on profitability and growth drivers.
The company's strategic alliances with tech leaders and advanced delivery efforts position it well for future innovation and revenue generation.
While facing challenges from software cost increases and macroeconomic conditions, Kyndryl is optimistic about future prospects and revenue growth starting in 2025.
Opportunities lie in expanding consult revenues, strengthening partnerships, and transitioning towards higher-margin post-spin signings for sustained profitability.

Kyndryl Holdings posts record signings and consult revenue growth

Kyndryl Holdings reported a strong quarter with record signings and robust consult revenue growth.
While facing revenue decline challenges, the company's focus on hyperscaler partnerships and sustainable growth strategies bode well for future performance.
Addressing cybersecurity concerns and leveraging tech modernization opportunities will be key for Kyndryl's continued success.
Overall, Kyndryl's strategic strengths position it to navigate challenges and capitalize on growth opportunities in the market.

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Kyndryl Holdings, Inc. is a technology services company, which engages in the provision of infrastructure services. It operates through the following segments: United States, Japan, Principal Markets, and Strategic Markets. The Principal Markets segment represents the aggregation of operations in Australia, New Zealand, Canada, France, Germany, India, Italy, Spain, Portugal, the United Kingdom, and Ireland. The company was founded on December 4, 2020 and is headquartered in New York, NY.

Kyndryl Holdings, Inc. (KD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Kyndryl Holdings, Inc. (KD) Rating Upgrade to Strong Buy

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Kyndryl Holdings, Inc. (KD) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Kyndryl Holdings, Inc. (KD) Is Still a Bargain Stock

NEW YORK , May 20, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced a collaboration with NVIDIA to accelerate the development, implementation and use of AI-powered insights and business outcomes. Kyndryl's AI-powered open integration digital business platform, Kyndryl Bridge , will support the end-to-end lifecycle of AI development and implementation in real-world business environments for customers running full-stack NVIDIA accelerated computing and software.

Kyndryl Teams With NVIDIA to Accelerate Adoption of Generative AI-enabled Solutions

5,000+ Kyndryl mainframe professionals are training to speed deployment of AI-enabled workloads in hybrid cloud environments NEW YORK , May 16, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today unveiled new artificial intelligence (AI) and generative AI-based consulting and managed delivery services to help organizations exploit their mainframe application and data assets as part of their hybrid cloud transformation. Kyndryl is committed to furthering the adoption of AI and generative AI by educating more than 5,000 of its mainframe professionals with new AI skills on top of their tens of thousands of certifications in mainframe and cloud technologies.

Kyndryl expands AI and generative AI services and skills to accelerate mainframe modernization

NEW YORK , May 14, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will speak at the J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 3:45 p.m.

KYNDRYL TO SPEAK AT THE J.P. MORGAN GLOBAL TMT CONFERENCE ON MAY 21

New York-based IT infrastructure services giant Kyndryl announced Monday that it acquired Skytap, a Seattle-based company founded 17 years ago that sells cloud migration software.

Kyndryl acquires Seattle-based cloud migration company Skytap

Acquires privately held Skytap to accelerate hybrid cloud adoption and help customers modernize mission-critical infrastructure platforms  Announces definitive agreement to sell its Securities Industry Services  business in Canada to Broadridge to enhance Kyndryl's focus on core growth areas NEW YORK , May 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has acquired privately held Skytap, a leading specialized workload services provider. "The acquisition of Skytap reflects the proactive steps we're taking to invest in our mission-critical capabilities where our global alliance partnerships and innovation enable us to help our customers transform and grow," said Dave Simpson, Global Practice Leader for Cloud at Kyndryl.

Kyndryl Announces Portfolio Optimization Actions

Kyndryl exceeded analyst expectations for both earnings and revenue in the fourth quarter. CEO Martin Schroeter expects to return to revenue growth in the fourth quarter of fiscal 2025.

Why Kyndryl Stock Soared This Week

Kyndryl Holdings, Inc. (KD) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.21 per share a year ago.

Kyndryl Holdings, Inc. (KD) Reports Q4 Loss, Tops Revenue Estimates

Revenues for the quarter ended March 31, 2024 total $3.8 billion, pretax loss is $4 million, net loss is $45 million, adjusted EBITDA is $566 million, and adjusted pretax income is $30 million Fiscal year 2024 revenues total $16.1 billion, pretax loss is $168 million, net loss is $340 million, adjusted EBITDA is $2.4 billion, and adjusted pretax income is $165 million Company expects to return to positive constant-currency revenue growth in the fourth quarter and provides outlook for at least $435 million of adjusted pretax income in fiscal year 2025 NEW YORK , May 7, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended March 31, 2024, the fourth quarter of its 2024 fiscal year.  "Fiscal 2024 was a year of acceleration and achievement for Kyndryl, driven by contributions from employees around the world.

KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS

Rubrik Inc

Partnership and Kyndryl services with Rubrik provide customers with data protection to enhance cyber resilience NEW YORK , May 2, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a global strategic alliance and new Kyndryl services with Rubrik  (NYSE: RBRK), the Zero Trust Data Security™ Company, to help Kyndryl customers achieve cyber resilience with cyber incident recovery, data protection, data analytics and data security posture. Today's announcement builds on Kyndryl and Rubrik's established collaboration around building cyber resilient environments for Kyndryl and Rubrik customers across industries, such as healthcare, banking and education.

Kyndryl and Rubrik Announce Global Strategic Alliance to Offer Cyber Incident Recovery

The IT industry's first AI-powered open integration platform now has more than 1,200 onboarded customers and 190 service offerings, exceeding Company targets Kyndryl Bridge delivers more than 3 million actionable insights per month, with new services that help enterprise customers accelerate business value NEW YORK , May 2, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that its industry-leading, artificial intelligence (AI)-powered, open integration digital business platform, Kyndryl Bridge, has onboarded 1,200 enterprise customers, 20% more than its initial target. Kyndryl Bridge Drives Nearly $2B in Annual Savings for Customers and Delivers Improved Mission-Critical IT Outcomes Through Kyndryl Bridge, the Company has also introduced more than 190 new services – surpassing its goal for the fiscal year ended March 31, 2024.

Kyndryl Bridge Drives Nearly $2 Billion in Annual Savings for Customers and Delivers Improved Mission-Critical IT Outcomes

Company will host earnings call on May 8, 2024 NEW YORK , April 29, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it will release results for the fourth quarter and full year ended March 31, 2024, after market close on Tuesday, May 7, 2024.  Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m.

KYNDRYL TO RELEASE FOURTH QUARTER AND FULL-YEAR RESULTS ON MAY 7, 2024

Kyndryl to modernize and manage the mission-critical systems for Honda's logistics operations with Kyndryl Bridge BRUSSELS , April 23, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Honda Motor Europe Ltd., announced a multiyear managed infrastructure services renewal agreement.

Honda Motor Europe Ltd. renews and expands IT partnership with Kyndryl

Kyndryl to help enhance SAP® processes and bolster EY's security through Kyndryl Consult NEW YORK , April 10, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announces the renewal of a five-year agreement, with Ernst & Young LLP (EY) to continue managing its SAP environment, as well as provide modernization and security services for the mission-critical systems that support its auditing and consulting operations. This work builds on a nearly decade-long collaboration under which Kyndryl has run and managed EY SAP workloads.

Kyndryl expands collaboration with EY to optimize mission-critical auditing and consulting operations

Thomson Reuters

Investors interested in Technology Services stocks are likely familiar with Kyndryl Holdings, Inc. (KD) and Thomson Reuters (TRI). But which of these two companies is the best option for those looking for undervalued stocks?

KD or TRI: Which Is the Better Value Stock Right Now?

Cloudflare

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cloudflare, Inc. (NYSE: NET), a leading connectivity cloud company, today announced a Global Strategic Alliance, an expansion of their partnership, to enable enterprises to migrate and manage networks for multi-cloud connectivity and comprehensive network security. The partnership combines Kyndryl's end-to-end consulting services and expertise across enterprise networking,.

Kyndryl and Cloudflare Announce Global Strategic Alliance to Drive Enterprise Network Transformation, Multi-Cloud Innovation, and Zero Trust Security

Kyndryl Foundation's inaugural grants aim to grow an inclusive cybersecurity workforce and make nonprofits more resilient from cyberattacks NEW YORK , March 19, 2024 /PRNewswire/ -- Kyndryl Foundation, the philanthropic arm of Kyndryl (NYSE: KD), announced that 11 nonprofits from seven countries have been chosen to receive its first year's grants. 11 nonprofits receive Kyndryl Foundation grants to advance cybersecurity skills and resilience The grantees chosen to receive the inaugural Kyndryl Foundation Grants are organizations that address the shortage of trained cybersecurity professionals by providing skills and placement programs for underrepresented learners and job seekers.

11 nonprofits receive Kyndryl Foundation grants to advance cybersecurity skills and resilience

NEW YORK , March 4, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced an expanded, multi-year agreement with Stellantis to manage and operate select essential business operations such as networking, data center support and local IT services support in Europe, North America and South America. Building on the agreement announced in February 2023, Kyndryl will contribute to modernizing Stellantis' IT infrastructure, enabling the automaker to access a wider range of skilled technical resources and rebalance internal skills to enhance its focus on digital, cyber security, new business models and customer-centric solutions.

Kyndryl and Stellantis Announce Expanded Partnership

NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced it has been named a Leader in the IDC MarketScape: Worldwide Managed Public Cloud Services 2023 Vendor Assessment [doc #US49116023, November 2023]. The IDC MarketScape report evaluated 18 managed service providers that utilize managed public cloud services, using public cloud infrastructure-as-a-service platforms, to help customers digitally modernize, navigate cultural and economic change and drive business growth.

Kyndryl Named a Leader in IDC MarketScape for Worldwide Managed Public Cloud Services 2023

Service will streamline connectivity between public and private 5G networks to provide enhanced, 24/7 connectivity for Industry 4.0 and enterprises NEW YORK , Feb. 26, 2024 /PRNewswire/ --  Kyndryl  (NYSE: KD), the world's largest IT infrastructure services provider, today announced the launch of a unified, multi-IMSI SIM service designed to provide comprehensive, expanded connectivity beyond the private LTE/5G connectivity deployed by Kyndryl today across industrial environments to mobile devices. The data only service will have the capability to reach over 150 countries through global carriers, with the ability to dynamically switch between private LTE/5G and public mobile networks for optimal connectivity performance and cost management.

Kyndryl Launches Unified SIM to Deliver Integrated Global Connectivity

Alliance will provide managed edge-to-cloud and networking services to help customers transform their IT and accelerate digital initiatives NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a global strategic alliance with Hewlett Packard Enterprise (HPE). Kyndryl is working with Athonet, a Hewlett Packard Enterprise company, to jointly develop and deliver LTE and 5G private wireless services to customers worldwide.

Kyndryl Announces Global Alliance and Private 5G Network Service Collaboration with Hewlett Packard Enterprise

NEW YORK , Feb. 22, 2024  /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will discuss information regarding the Company's business and/or financial performance at upcoming investor conferences. Their presentations will be webcast as follows: Evercore ISI Payments & Fintech Innovators Forum on Thursday, February 29 at 1:50 p.m.

KYNDRYL TO SPEAK AT INVESTOR CONFERENCES HOSTED BY EVERCORE ISI AND MORGAN STANLEY

Alliance provides customers with cyber resiliency services for improved business continuity, reduced costs and increased agility NEW YORK , Feb. 21, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, and Veeam® Software, the #1 leader by market share in Data Replication and Protection Software, today announced a global strategic alliance focused on providing customers with resiliency services supported by innovative technology, expert infrastructure management and incident recovery services. Under the alliance, Kyndryl will now be a Veeam Accredited Service Partner (VASP).

Kyndryl and Veeam Announce Global Strategic Alliance to Deliver Comprehensive Cyber Resiliency

NEW YORK , Feb. 20, 2024  /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced the completion of an offering of $500 million of 6.350% Senior Notes due 2034. Kyndryl Completes $500 Million Offering of Senior Notes, Its First Debt Issuance as an Independent Company The Company intends to use the proceeds from this offering to immediately repay the Company's outstanding $500 million term loan, which was scheduled to mature in November 2024.

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