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.

Earnings data Q4 2021

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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.

NetApp

Partners to Focus on Extracting Insights and Enabling Innovation from Unstructured Data NEW YORK and SAN JOSE, Calif. , May 19, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and NetApp® (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced a global alliance to help customers transform their businesses by unlocking insights from data stored on premises, in the cloud and edge computing environments.

Kyndryl and NetApp Announce Alliance to Fast-track Cloud Transition and Transformation for Customers

Red Hat Ansible Automation Platform is the primary enterprise IT automation solution for Kyndryl infrastructure services, driving enhanced business performance for organizations Kyndryl recognized as a leading provider of automation services for Red Hat Ansible Automation Platform BOSTON , May 10, 2022 /PRNewswire/ -- Red Hat Summit – Red Hat, the world's leading provider of open source solutions, and Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a strategic partnership to help customers embrace open, differentiated automation technologies and managed services to modernize core business applications and IT infrastructure, while enabling scalable enterprise operations and greater resilience with advanced security capabilities. Together, Red Hat and Kyndryl will offer integrated services and solutions based on Red Hat Ansible Automation Platform to automate critical workloads from the enterprise datacenter to the edge and across public clouds.

Kyndryl and Red Hat Announce Strategic Partnership to Advance IT Automation for Multicloud Infrastructure

Kyndryl Holdings, Inc. (NYSE:KD ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Lori Chaitman - Global Head of Investor Relations Martin Schroeter - Chairman and Chief Executive Officer David Wyshner - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JP Morgan Millie Wu - Evercore ISI Jamie Friedman - Susquehanna Bill Cadigan - Deutsche Bank Operator 00:05 Good morning and welcome to the Kyndryl Quarter Earnings Conference Call. Currently all callers have been placed in a listen-only mode, and following management's prepared remarks, the call will be opened for your questions.

Kyndryl Holdings, Inc. (KD) CEO Martin Schroeter on Q1 2022 Results - Earnings Call Transcript

Revenues for the quarter ended March 31, 2022 total $4.4 billion, net loss is $229 million, pretax loss is $189 million, and adjusted pretax loss is $51 million Delivers early progress on its Alliances, Advanced Delivery and Accounts initiatives Issues outlook for the fiscal year beginning April 2022 NEW YORK , May 4, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended March 31, 2022. "In Kyndryl's first full quarter as an independent company, we've expanded our technology ecosystem and invested in our people to better serve our customers and drive toward profitable revenue growth," said Kyndryl Chairman and Chief Executive Officer Martin Schroeter.

KYNDRYL REPORTS QUARTERLY RESULTS

Swiss Krono increases performance after embracing a new enterprise resource planning system and migrating to SAP S/4HANA® Kyndryl helps Swiss Krono rely on a strong, reliable and resilient IT infrastructure WARSAW, Poland , April 27, 2022  /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Swiss Krono, the Polish subsidiary of the world's leading manufacturer of wood-based materials, has engaged Kyndryl in Poland in a five-year technology services agreement to standardize its IT infrastructure and migrate its core applications to SAP S/4HANA® in order to enable faster innovation and increased focus on new business opportunities. Since 1966 the Swiss Krono Group, headquartered in Lucerne, Switzerland, has been growing its diversified businesses.

Swiss Krono Accelerates Digitalization and Growth in Poland with Kyndryl

AQUILA analyzes thousands of documents, delivers faster and more accurate business outcomes WARSAW, Poland , April 27, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and SSW Pragmatic Solutions, a leading law and tax advisory firm in Poland, today announced the next step in their collaboration to deploy and train AQUILA – an AI-powered platform. With the property sector hit by ongoing economic uncertainty, real estate owners, property developers and facility managers are grappling with new regulations that require more flexibility in how services are delivered, while keeping tight control on associated costs.

Kyndryl and SSW Pragmatic Solutions Partner to Develop AI-powered Assistant

Partners to develop industry solutions for SAP ® software  resources supported by Kyndryl services NEW YORK , April 21, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced an expanded strategic partnership with SAP focused on developing new solutions to help customers solve their most complex digital business transformation challenges. The expanded partnership will leverage SAP's Business Technology Platform (SAP BTP) and Kyndryl's deep expertise in artificial intelligence (AI), data and cyber resiliency services to accelerate and enable a cost-effective path to the cloud for customers.

Kyndryl Announces Expanded Strategic Partnership with SAP to Help Customers Overcome Digital Transformation Challenges

Kyndryl and Dell Technologies to help customers address the threat of cyber attacks NEW YORK , April 14, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced an expansion of its global alliance with Dell Technologies, focused on helping customers use data optimization, infrastructure management services, and a cyber resilience solution to protect their critical business assets. Specifically, Kyndryl provides Cyber Incident Recovery with Dell Technologies to accelerate cyber resilience for customers using Dell's high-performance storage, servers, and data protection systems.

Kyndryl Unveils Cyber Resilience Solution Featuring Advanced Security to Protect Critical Business Data

Company will host earnings call on May 5 NEW YORK , April 12, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, announced today that it will release results for the quarter ended March 31, 2022 after market close on Wednesday, May 4, 2022. 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 QUARTERLY RESULTS ON MAY 4 AFTER MARKET CLOSE

14 Kyndryls Awarded Prestigious Distinction for Driving Global Innovation and Customer Impact NEW YORK, April 12, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced 14 new honorees representing its inaugural class of Distinguished Engineers. Kyndryl's Distinguished Technical Program recognizes exceptional technical professionals and their groundbreaking contributions in service of customers in the fields of engineering, programming, infrastructure services, cyber-resilience, and technical design.

Kyndryl Announces 2022 Class of Distinguished Engineers and Designers

NEW YORK , March 31, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced it has signed a five-year, $160M agreement with Motiva Enterprises, owner of North America's largest refinery, under which Kyndryl will streamline Motiva's IT services, accelerate its cloud journey, and lay the foundation for its enterprise-wide digital transformation. As businesses across the global economy continue to grapple with the ripple effects of pandemic-induced supply chain disruption, enterprises within the oil and gas sector are under more pressure than ever to ensure the smooth delivery of the energy that keeps commerce physically moving.

Motiva Enterprises signs $160M agreement with Kyndryl to enable its digital transformation and cloud journey

NEW YORK , March 26, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Kyndryl Holdings, Inc. ("Kyndryl" or the "Company") (NYSE: KD).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kyndryl Holdings, Inc. - KD

NEW YORK and RESEARCH TRIANGLE PARK, N.C. , March 23, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Lenovo, an industry leader in PCs, storage and server performance and reliability, today announced an expansion of their global partnership to develop and deliver scalable hybrid cloud solutions and edge computing implementations.

Kyndryl and Lenovo Expand Partnership to Accelerate Scalable Hybrid Cloud and Edge Computing Solutions

NEW YORK and SANTA CLARA, Calif., March 15, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cloudera today announced a global partnership to help customers enable and drive their mission-critical hybrid cloud, multicloud and edge computing data initiatives.

Kyndryl and Cloudera Announce Global Partnership to Accelerate Customer Data Transformation Projects Across Hybrid Cloud Environments

Kyndryl Holdings, Inc. (KD) CEO Martin Schroeter on Q4 2021 Results - Earnings Call Transcript

NEW YORK , Feb. 28, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today released financial results for the fourth quarter and full year ended December 31, 2021. "In the fourth quarter, we built on Kyndryl's market leadership and delivered early progress as an independent company that is now free to pursue a substantially larger addressable market," said Kyndryl Chairman and Chief Executive Officer Martin Schroeter.

KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2021 RESULTS

OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 28 FEBRUARY 2022 AT 10.30 A.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE

Oma Savings Bank Plc and Kyndryl-Samlink have agreed on a long-term collaboration on IT services

NEW YORK, Feb. 23, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a strategic partnership with Amazon Web Services Inc. (AWS) that brings together their respective expertise, skills, and global resources to help customers transform their businesses through Industry-focused enterprise cloud services and solutions. In addition to collaborating with AWS to provide solutions for Kyndryl's top enterprise customers around the world, Kyndryl plans to build out their own internal infrastructure in the cloud, leveraging AWS as a preferred cloud provider.

Kyndryl and AWS Establish Strategic Partnership to Accelerate Cloud Adoption and Innovation for Customers

Nokia

Kyndryl Holdings Inc (NYSE: KD) and Nokia Oyj (NYSE: NOK) forged a global network and edge computing partnership. They look to help enterprise customers accelerate their digital transformations with industrial-grade reliable and secure LTE and 5G private wireless networking.

Kyndryl, Nokia Collaborate: All You Need To Know

Kyndryl (NYSE: KD) and Nokia Oyj (NYSE: NOK) have announced a global network and edge computing alliance. These are the details.

Nokia (NOK) And Kyndryl (KD) Announces Global Network And Edge Computing Alliance

NEW YORK and ESPOO, Finland, Feb. 17, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD) and Nokia today announced a global network and edge computing alliance aimed at helping enterprise customers accelerate their digital transformations with industrial-grade reliable and secure LTE and 5G private wireless networking. The partnership builds on a successful private wireless connectivity project that yielded an innovative solution combining Nokia Digital Automation Cloud (DAC) application platform with Kyndryl's consulting, design, implementation and managed services.

Kyndryl and Nokia Announce Global Network and Edge Computing Alliance

Kyndryl's suite of managed ERP services offer customers technology, expertise, and service in a client focused experience. SAN ANTONIO, Feb. 10, 2022 /PRNewswire/ -- Based on its recent analysis of the global managed enterprise resource planning (ERP) market, Frost & Sullivan recognizes Kyndryl (NYSE: KD) with the 2021 Global Managed Enterprise Resource Planning Enabling Technology Leadership Award.

Frost & Sullivan Recognizes Kyndryl for Solutions that Enable Fast, Seamless Migration and Management of Critical Legacy ERP Workloads

Pure Storage

NEW YORK and MOUNTAIN VIEW, Calif., Feb. 2, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Pure Storage® (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multicloud world, today announced a global alliance that joins the expertise and operational experience of Kyndryl with the best-in-class storage technology of Pure to deliver mission-critical capabilities to enterprises.

Kyndryl and Pure Storage Announce Global Alliance

NEW YORK, Jan. 31, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced new geographic reporting segments and segment metrics to better reflect how the Company analyzes business performance. "Kyndryl now has the freedom of action to develop a broader ecosystem of technology partners and service offerings relevant to our customers, so we're updating our reporting segments to better match how we operate and make decisions across our newly independent company," said Chief Financial Officer David Wyshner.

KYNDRYL UPDATES REPORTING SEGMENTS

Kyndryl Holdings Inc. ( KD , Financial) was spun off of IBM on Oct. 25, 2021. The phrase "spun off" may be too charitable, however, and right word might be "discarded" given the stock has fallen from $40 to below $17 currently.

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