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.

Citrix Systems

NEW YORK--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a global alliance with Citrix (NYSE: CTXS) to help businesses improve workplace collaboration and employee productivity to address the rapidly changing requirements of today's hybrid workforce on a global scale. By leveraging the longstanding operational and industry expertise of Kyndryl's Digital Workplace Services, powered by Citrix DaaS, both companies will continue to deve

Kyndryl and Citrix Announce Global Alliance to Help Customers Accelerate Adoption of Digital Workplace Virtualization Services and Solutions

NEW YORK--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced the launch of Kyndryl Vital, a designer-led, open and collaborative co-creation experience that helps customers and alliance partners solve their business challenges and create groundbreaking technology platforms. Kyndryl Vital is led by global teams of designers who work side-by-side with customers and partners to define and solve complex problems with elegance and innovation

Kyndryl Launches Co-Creation Experience to Help Customers Unlock Innovative Solutions

Elastic N.V

NEW YORK & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Elastic (NYSE: ESTC), the company behind Elasticsearch, today announced an expanded global partnership to provide customers full-stack observability, enabling them to accelerate their ability to search, analyze and act on machine data (IT data and business data) stored across hybrid cloud, multi-cloud and edge computing environments. Under the partnership, Kyndryl

Kyndryl and Elastic Announce Expanded Partnership to Enable Data Observability, Search and Insights Across Cloud and Edge Computing Environments

NEW YORK--(BUSINESS WIRE)--Kyndryl Holdings, Inc. (NYSE: KD) today announced that it has extended the expiration date for each of its offers to exchange any and all of its outstanding unregistered senior notes listed below that were originally issued in private offerings for equal principal amounts of new issues of senior notes registered under the Securities Act of 1933, as amended. The exchange offers, which were originally scheduled to expire at 5:00 p.m., New York City time, on Monday, Sept

Kyndryl Holdings, Inc. Announces Extension of Expiration Date for Exchange Offers

NEW YORK--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a new open integration platform giving business leaders real-time insights into their complex IT estates, and unprecedented control over customizing their mission-critical operations. Kyndryl Bridge leverages Kyndryl's core technology strengths. It marshals decades of expertise, operational data patterns and IP to generate actionable insights that redefine how enterprises impr

Kyndryl Introduces New Platform, Kyndryl Bridge, to Orchestrate IT Estates and Drive Business Growth

QUÉBEC CITY--(BUSINESS WIRE)--Today, event producer Gestev announced a new major partnership between Québec Running Events Corporation and Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, for the Kyndryl 21.1K. The half-marathon, presented by WKND 91.9, is part of the Beneva Québec City Marathon, the biggest of a series of running events labelled Je Cours Qc. This all-new partnership will spotlight the experience of the thousands of volunteers during the weekend of S

Québec Running Events Corporation Partners with Kyndryl for the Beneva Québec City Marathon

One of only six companies worldwide to reach this select status NEW YORK , Sept. 1, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has achieved Cisco Global Gold Integrator status, the highest level available and a recognition of Kyndryl's ability to deliver and support advanced solutions for joint customers around the world.

Kyndryl Achieves Cisco Global Gold Integrator Certification

NEW YORK , Aug. 31, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chief Financial Officer David Wyshner will speak at the Evercore ISI 2nd Annual Technology Conference on Thursday, September 8, 2022 at 9:30 a.m. ET. During the course of the event, information regarding the Company's business and/or financial performance will be discussed.

KYNDRYL TO SPEAK AT THE EVERCORE ISI TECHNOLOGY CONFERENCE ON SEPTEMBER 8

MONTRÉAL, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (the “Bank”) and Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced the availability of a new cloud landing zone for the Bank leveraging cloud platforms such as Microsoft Azure. Laurentian Bank now benefits from a strong and proven foundation to deploy its next-generation hybrid multicloud environment, allowing the Bank to deliver engaging customer experiences and innovative digital capabilities.

Laurentian Bank enters next chapter in cloud transformation journey with support from Kyndryl

NEW YORK , Aug. 24, 2022 /PRNewswire/ -- Kyndryl today announced that it was recognized by Gartner in two recently published reports on data center outsourcing and hybrid infrastructure managed services (DCO HIMS).1 In 2022, Kyndryl scored the highest out of 19 vendors analyzed by Gartner – receiving the score of 4.45 out of 5 for its Use Case in Legacy Data Center Outsourcing Deals.2 A complimentary copy of the full report is available here. According to the report, "this Use Case represents the provider's capability to provide traditional data center services (mainframe, server and storage) for global clients.

Kyndryl Scores Highest in Legacy Data Center Outsourcing (DCO) Deals Use Case in 2022 Gartner® Critical Capabilities for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Worldwide

Combines Kyndryl IT services expertise with strategy, business and technology consulting capabilities of EY US Helps clients navigate complex digital transformations from design, implementation to ongoing operations Assists in adapting to rapidly changing market needs by combining the strengths of two global organizations that can jointly address comprehensive digital solutions LONDON , Aug. 17, 2022 /PRNewswire/ -- EY today announces an alliance between Kyndryl, the world's largest IT infrastructure services provider, and Ernst & Young LLP (EY US), to support clients in achieving their digital transformation goals. Many organizations are turning to digital transformation to become more effective and competitive.

EY announces alliance with Kyndryl to help organizations advance and accelerate their digital transformation journeys

Five9

NEW YORK , Aug. 10, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a global partnership and expanded relationship with Five9 (NASDAQ: FIVN) to collaborate on cloud-based contact center solutions that deliver personalized experiences to customers and employees, while helping companies navigate the rapidly changing needs and requirements of the digital business landscape. The partnership will leverage the combined strengths of Kyndryl's Digital Workplace Services and its deep expertise in AI, automation and cognitive analytics, powered by Five9's industry-leading cloud contact center technology, to deliver Kyndryl's Intelligent Cloud Contact Center (ICCC) platform to new and existing customers.

Kyndryl and Five9 Announce Partnership to Offer Personalized, Cloud-Enabled Contact Center Experience to Customers

Kyndryl Holdings, Inc. (NYSE:KD ) Q1 2023 Earnings Conference Call August 4, 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 - JPMorgan Operator Good morning, and welcome to the Kyndryl First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.

Kyndryl Holdings, Inc. (KD) CEO Martin Schroeter on Q1 2023 Results - Earnings Call Transcript

Revenues for the quarter ended June 30, 2022 total $4.3 billion, net loss is $250 million, pretax loss is $205 million and adjusted pretax loss is $50 million   Continued progress on Alliances, Advanced Delivery and Accounts initiatives  Reaffirms outlook for fiscal year 2023, updating revenue forecast for currency effects NEW YORK , Aug. 3, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended June 30, 2022, the first quarter of its 2023 fiscal year.  "We continued to expand our services capabilities in the quarter, and we drove progress on our three key initiatives — Alliances, Advanced Delivery and Accounts.

KYNDRYL REPORTS FIRST QUARTER FISCAL YEAR 2023 RESULTS

NEW YORK , July 25, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a new retainer service to help customers recover from a disruptive cyber incident such as ransomware. Kyndryl's Recovery Retainer Service focuses on recovery actions that extend beyond incident response retainers available on the market today.

Kyndryl Announces Recovery Retainer Service to Restore Customers' Ability to Operate After Cyber Attacks

Honda

NEW YORK , July 14, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a multi-year agreement with American Honda Motor Company, Inc. (AHM) (NYSE: HMC) that expands Kyndryl's work to include support of AHM's infrastructure transformation across its U.S. manufacturing plants, research and development, captive finance, and sales operations. This collaboration will support AHM's efforts to harness its data and bring more innovation to its customers.

Kyndryl to Modernize IT Infrastructure for American Honda Motor Company

Company will host earnings call on August 4, 2022 NEW YORK , July 5, 2022 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it will release results for the quarter ended June 30, 2022, the first quarter of its 2023 fiscal year, after market close on Wednesday, August 3, 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 AUGUST 3, 2022

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Kyndryl becomes a delivery partner for Oracle Cloud Infrastructure NEW YORK , June 23, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced partnership with Oracle to help customers accelerate their journey to the cloud by delivering managed cloud solutions to enterprises around the world. As part of the alliance, Kyndryl will become a key delivery partner for Oracle Cloud Infrastructure (OCI), expanding upon its deep experience of working with and supporting customers using Oracle products and services.

Kyndryl Announces Partnership with Oracle Focused on Cloud Services

NEW YORK & SANTA CLARA, Calif.--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Veritas Technologies, a leader in multi-cloud data management, today announced a global partnership to help enterprises protect and recover their critical data across multi-cloud environments. Under the agreement, Kyndryl will deliver Veritas' industry-leading data management portfolio to enterprise customers as a fully managed service, “Protection and Cyber Resilien

Kyndryl and Veritas Technologies Announce Global Partnership to Help Customers Address Cyber Threats and Implement Recovery Solutions

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Kyndryl Holdings is the textbook case of a spin-off opportunity. Initiatives on track to add $1,400M to its operating income.

Kyndryl Holdings Business And Stock Price Will Be In The Cloud By 2025

NEW YORK , June 2, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cisco today announced a technology partnership to help enterprise customers accelerate their transformation into data-driven businesses powered by Cisco solutions and Kyndryl managed services.  Through the partnership, Kyndryl and Cisco will team up to help businesses transform their operations by embracing cloud computing services that simplify complex hybrid IT management with more visibility, manageability, and flexibility.

Kyndryl and Cisco to Collaborate on Network and Edge Computing Solutions for Enterprise Customers

NEW YORK , May 23, 2022 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, announced today that it has been recognized as a Leader in the Gartner® May 2022 "Magic Quadrant for Managed Mobility Services, Global"1 report, which evaluates vendors based on completeness of vision and ability to execute. A complimentary copy of the full report is available here.

Kyndryl Positioned as a Leader in 2022 Gartner® Magic Quadrant™ for Managed Mobility Services, Global

NEW YORK , May 20, 2022 /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 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on Tuesday, May 24, 2022 at 2:10 p.m.

News for Kyndryl Holdings Stock (KD)