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.

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.

KYNDRYL TO SPEAK AT THE J.P. MORGAN GLOBAL TECHNOLOGY, MEDIA AND COMMUNICATIONS CONFERENCE

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.

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