Kyndryl Holdings, Inc. - KD STOCK NEWS

Kyndryl (NYSE: KD) has expanded its collaboration with Microsoft to enhance cloud modernization services. Microsoft has selected Kyndryl as a RISE with SAP migration program partner, leveraging Kyndryl's extensive SAP expertise and end-to-end services. With 94% of executives prioritizing tech modernization, Kyndryl aims to help customers minimize business disruption, reduce costs, and maximize SAP solutions' business impact through their transition to SAP S/4HANA Cloud. The collaboration, which began in November 2021, extends Microsoft Cloud's AI capabilities and helps customers unlock value from SAP data.

Kyndryl (NYSE: KD) has launched new end-to-end services for modernizing mainframe applications with Microsoft Cloud. The services accelerate mainframe application migration while integrating AI capabilities through Azure OpenAI, Microsoft Copilot, and Azure DevOps. The comprehensive portfolio offers five key paths: systems integration, data governance, application modernization, AI deployment, and security.

According to Kyndryl's 2024 Mainframe Modernization Survey, 86% of respondents are rapidly adopting AI for mainframe modernization, and 96% are migrating workloads to the cloud, averaging 36% of their operations. The partnership leverages Kyndryl's mainframe expertise and Microsoft's cloud capabilities to help enterprises transform their IT infrastructure.

Kyndryl (NYSE: KD) has launched a dedicated AI private cloud in Japan to enable AI innovation, supported by Dell Technologies and NVIDIA. The platform, featuring the Dell AI Factory with NVIDIA, provides a secure environment for organizations to develop, test, and implement AI services. The initiative includes establishing a Kyndryl Vital AI Lab that will utilize Kyndryl Bridge for AI applications development. The service targets financial institutions, insurance providers, manufacturers, retail companies, and academic institutions, offering support for security, sovereignty, and data residency requirements.

Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, announced it will host an Investor Day event on November 21, 2024, at 9:00 a.m. ET. Chairman and CEO Martin Schroeter, CFO David Wyshner, and other executive leaders will present the company's market opportunities and growth strategy. The event will be available via live video webcast on Kyndryl's investor relations website, with presentation slides and a twelve-month replay access. Kyndryl serves thousands of enterprise customers across 60+ countries, focusing on designing, building, managing, and modernizing mission-critical information systems.

Kyndryl and Microsoft's Global Sustainability Barometer study reveals that while 84% of organizations prioritize sustainability goals, only 21% effectively use technology to reduce their environmental footprint. The study shows 38% of organizations have increased their sustainability initiatives since last year.

Key findings include: only 19% fully utilize data for strategic planning; 55% believe AI will significantly impact sustainability goals; and 62% limit initiatives to analyzing historical data. The study emphasizes opportunities in technology integration, AI implementation, and data utilization for sustainability strategies.

Notable concerns include that only 35% of organizations consider the energy implications of their AI solutions, while 49% now consider Chief Sustainability Officers as key stakeholders, up from 27% in 2023.

Banco de Crédito del Perú (BCP) has partnered with Microsoft and Kyndryl to invest over $650M in modernizing its IT infrastructure with hybrid cloud technology on Azure. This initiative aims to enhance BCP's digital customer experience and maintain top-tier cybersecurity, representing one of the largest tech investments in Latin America's financial sector. BCP's CEO, Diego Cavero, emphasized that this digitalization effort will improve financial inclusion in Peru. Mario Rodríguez from Microsoft highlighted the collaboration's potential to drive innovation and support small businesses. The project will improve BCP's digital channels, benefiting millions of customers with smoother online and mobile experiences. Currently, 72% of BCP's customers are digital, with its mobile banking and Yape applications being the most used in Peru.

Kyndryl (NYSE: KD) reported Q2 FY2025 results with revenues of $3.8 billion, showing a 7% year-over-year decline. The company posted a net loss of $43 million ($0.19 per share), improving from a $142 million loss in the prior year. Total signings reached a record $5.6 billion, up 132% year-over-year. Kyndryl Consult showed strong performance with 23% revenue growth. The company reaffirmed its FY2025 outlook, expecting constant-currency revenue growth in Q4, adjusted EBITDA margin of at least 16.3%, and adjusted pretax income of at least $460 million.

Kyndryl (NYSE: KD) has completed the sale of its Securities Industry Services (SIS) platform in Canada to Broadridge Financial Solutions. SIS is a transaction processing platform serving the securities brokerage industry. This transaction follows a previously announced agreement between the companies.

Kyndryl's 2024 Readiness Report reveals a paradox in IT infrastructure readiness. While 90% of executives believe their IT is best-in-class, only 39% think it's future-ready. The report, based on feedback from 3,200 senior decision-makers and insights from Kyndryl Bridge, highlights key challenges:

1. AI ROI is , with only 42% seeing positive returns.
2. 44% of mission-critical IT infrastructure is approaching or at end-of-life.
3. Over 40% of leaders face technology skills gaps.
4. 65% of executives worry about cyber-attacks, but only 30% feel prepared.
5. Regulatory concerns are high, with 48% believing the pace is too fast.

The report emphasizes the importance of balancing technology and talent, addressing end-of-life technology challenges, and fostering collaboration between business and technology leaders to enhance readiness in a rapidly changing business landscape.