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Kyndryl Holdings, Inc. (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in over 60 countries. The company offers advisory, implementation, and managed services across a spectrum of technology domains, helping businesses modernize and manage their enterprise IT environments. Kyndryl's operations are segmented into Principal Markets—including regions like Australia/New Zealand, Canada, France, and the United States—and Strategic Markets.
Recently, Kyndryl renewed a five-year agreement with Ernst & Young LLP (EY) to manage and modernize its SAP environment, further enhancing security and operational efficiency. This collaboration highlights Kyndryl's expertise in managing mission-critical IT systems with a blend of on-premises and cloud solutions.
In another significant partnership, Kyndryl continues to modernize Honda's logistics operations using its Kyndryl Bridge platform. This initiative aims to improve the agility, standardize processes, and future-proof Honda's IT systems. Kyndryl Bridge's AI and automation capabilities are crucial in delivering these improvements.
Kyndryl has also announced its financial results for the fourth quarter and full fiscal year ending March 31, 2024. The company reported revenues of $3.8 billion for the quarter and $16.1 billion for the fiscal year, reflecting efforts to optimize contract terms and improve margins. The company's strategic focus on growth initiatives like advanced delivery and AI-powered platforms is expected to drive future profitability.
Additionally, Kyndryl has formed a strategic alliance with Rubrik, a leader in Zero Trust Data Security™, to enhance cyber resilience for their customers. This collaboration introduces Kyndryl Incident Recovery with Rubrik, offering comprehensive data protection and disaster recovery solutions.
Kyndryl continues to innovate with Kyndryl Bridge, its AI-powered digital business platform, which has surpassed its initial targets by onboarding 1,200 enterprise customers and introducing over 190 new services. This platform integrates AI and automation to provide enhanced observability, orchestration, and efficiency for enterprise IT environments.
In a recent collaboration with NVIDIA, Kyndryl aims to accelerate the development and deployment of AI-powered insights across various industries. By leveraging NVIDIA's technologies, Kyndryl is set to offer advanced AI solutions that enhance operational efficiency, security, and innovation.
For more information, visit Kyndryl's website.
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has launched The Kyndryl Institute to provide insights and perspectives on technology and business innovation. The institute aims to address pressing challenges faced by C-suite leaders, focusing on areas such as artificial intelligence, regulation, cybersecurity, and IT modernization.
The initiative will feature perspectives from industry leaders, startups, civil society, and academia, guided by an external advisory board. As part of its debut, the institute is publishing viewpoints on 'readiness,' including insights from Peter Mandelson on digital trade frameworks and Klon Kitchen on AI preparation from a national security perspective.
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, has achieved Great Place To Work® Certification™ in eight countries including the US, UK, India, and Japan. In its first three years, the company has garnered 60 workplace awards. The certification reflects positive employee feedback, with research showing certified workplace employees are 93% more likely to look forward to work and twice as likely to receive fair compensation and promotion opportunities.
The company implements The Kyndryl Way culture, focusing on skill development and career growth. Their global Flexible Workplace Policy allows employees and managers to determine optimal work locations. Kyndryl has also been recognized by Fairygodboss as one of the Best Companies for Women in 2024 for workplace flexibility and top-rated management.
Kyndryl (NYSE: KD) and Nokia have expanded their partnership to offer advanced data center networking solutions for global enterprises. The collaboration combines Kyndryl's expertise in designing and managing hybrid cloud environments with Nokia's data center networking infrastructure.
The partnership aims to address the growing enterprise data center market and increasing demand for cloud networking. Key features include the integration of Nokia's Event-Driven Automation technology with Kyndryl Bridge, an AI-powered digital business platform. The solution focuses on supporting evolving workloads driven by AI, machine learning, and virtual reality while strengthening enterprise resilience against cyberattacks.
The expanded portfolio includes software-defined networking, SASE, private 5G networks, edge computing, and cloud networking services, complemented by Nokia's data center fabric and quantum-safe networking solutions.
Kyndryl (NYSE: KD) hosted its 2024 Investor Day, announcing a $300 million share repurchase program and outlining its growth strategy. The company expects to triple its adjusted free cash flow to at least $1 billion by fiscal 2028 compared to fiscal 2025, and to more than double its adjusted pretax income to at least $1.2 billion. The strategy focuses on their 3A's initiatives (Alliances, Advanced Delivery, Accounts), Kyndryl Consult's double-digit revenue growth, and AI-powered Kyndryl Bridge platform. The company projects adjusted EBITDA margin of 20% to 22% by fiscal 2028, representing a 370-570 basis points increase from fiscal 2025.
Kyndryl (NYSE: KD) has announced a $300 million share repurchase program, demonstrating confidence in its business outlook and profitable growth. The company may execute repurchases through various methods including open market transactions, accelerated buybacks, tender offers, and private negotiations. The program has no set expiration date and can be adjusted based on market conditions and management's evaluation. The announcement comes as Kyndryl reports improvements in margin expansion and free cash flow generation, enabling the company to initiate shareholder capital returns while maintaining strategic flexibility.
Kyndryl (NYSE: KD) and Microsoft have unveiled new cyber resilience services integrated into Kyndryl Bridge, their AI-powered digital business platform. The collaboration enhances security operations through four key areas: enhanced risk and compliance readiness using Microsoft Purview, SIEM migration for Microsoft Sentinel, identity and access management with Microsoft Entra, and increased detection and response capabilities via Microsoft Defender. As part of this partnership, Kyndryl has joined the Microsoft Intelligent Security Association (MISA) to better defend against cyber threats.
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.
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