Welcome to our dedicated page for Kyndryl Holdings news (Ticker: KD), a resource for investors and traders seeking the latest updates and insights on Kyndryl Holdings stock.
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 Holdings, Inc. (NYSE: KD) reported Q2 2023 revenues of $4.2 billion, down 9% year-over-year, with a net loss of $281 million and pretax loss of $219 million. The company launched several innovations to enhance services and signed contracts worth over $425 million related to cloud hyperscaler alliances. Adjusted EBITDA fell to $428 million, influenced by currency movements and higher costs. The outlook for fiscal year 2023 has been updated, with expected revenues of $16.3 - $16.5 billion.
Kyndryl (NYSE: KD) has launched Kyndryl Consult, combining consulting expertise with technology integration to assist customers in navigating complex IT environments. This initiative emphasizes IT modernization through enhanced services such as cloud acceleration and application modernization. With a focus on security and resilience, Kyndryl Consult aims to deliver measurable IT transformation projects, leveraging a robust ecosystem of partners. The new approach is designed to help enterprises achieve continuous innovation and business improvement in an increasingly competitive landscape.
Kyndryl, in collaboration with Microsoft and Dell Technologies, has launched an integrated hybrid cloud solution named Kyndryl Distributed Cloud for Microsoft Azure Stack HCI. This offering aims to enhance cloud transformation for businesses operating in data center, mainframe, and remote environments. It will enable organizations to manage workloads with increased flexibility, security, and lifecycle management. The solution is available in two configurations, catering to both small and large deployments, and is targeted at various industries including financial services, healthcare, and manufacturing.
Kyndryl Holdings, Inc. (NYSE: KD) announced it will release its earnings results for Q2 2023 on November 2, 2022, after market close. The earnings call will be held on November 3, 2022, at 8:30 a.m. ET, featuring CEO Martin Schroeter and CFO David Wyshner. The event will be accessible via a live webcast and by phone, with a replay available for twelve months. Kyndryl is recognized as the world's largest IT infrastructure services provider, supporting enterprise customers in over 60 countries.
Kyndryl (NYSE: KD) and Microsoft announced a partnership to enhance access to mainframe data. This initiative aims to connect Kyndryl's zCloud platform with the Microsoft cloud, allowing customers to utilize their mainframe data in modern applications. The collaboration focuses on mainframe modernization, offering consulting and integration services for seamless data transfer to Azure Cloud. This strategic move is expected to empower enterprises to adopt hybrid cloud strategies, improving data-driven decision-making through advanced analytics and low-code/no-code applications.
Kyndryl (NYSE: KD) and Teradata (NYSE: TDC) have announced a strategic global partnership aimed at leveraging AI and data modernization to enhance business outcomes for customers. This collaboration combines Kyndryl's infrastructure management and Data and AI services with Teradata's cloud analytics capabilities. The partnership will focus on modernizing on-prem data warehouses and delivering industry-specific analytics services across various sectors, including manufacturing, financial services, and retail.
Kyndryl (NYSE: KD) has launched Kyndryl Vital, an innovative co-creation experience designed to help clients and partners tackle business challenges. This initiative involves designer-led teams who employ a human-centered approach and integrate existing tools to develop tailored technology solutions. Kyndryl Vital aims to bridge the gap between human experiences and technology capabilities, fostering collaboration among clients and Kyndryl's experts. The program currently operates in several countries, with plans for expansion. For more details, visit Kyndryl Vital.
Kyndryl (NYSE: KD) and Elastic (NYSE: ESTC) have announced an expanded partnership aimed at providing customers with enhanced data-driven digital transformation initiatives. This collaboration focuses on creating joint solutions for full-stack observability, enabling organizations to search, analyze, and act on machine data across various computing environments. Key offerings include IT data modernization, intelligent analytics, and data migration services, leveraging Kyndryl’s infrastructure expertise and Elastic’s search solutions. This partnership aims to support clients in improving their IT operations management capabilities.
Kyndryl Holdings, Inc. (NYSE: KD) has extended the expiration date for its exchange offers of outstanding unregistered senior notes. Initially set to expire on September 19, 2022, the new deadline is now September 23, 2022. The exchange offers aim to exchange unregistered notes for new issues of senior notes registered under the Securities Act of 1933. As of the original expiration, significant participation was noted with 664.37 million of $700 million (94.9%) of 2.050% Senior Notes due 2026 tendered. The extension allows more time for remaining notes to be exchanged.
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