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 has been recognized by Gartner for its exceptional performance in data center outsourcing and hybrid infrastructure managed services, scoring the highest among 19 vendors with a rating of 4.45 out of 5. This acknowledgment reflects Kyndryl's expertise in legacy data center services, which include mainframe management and cloud integration. CEO Petra Goude emphasized the importance of Kyndryl's infrastructure services in supporting hybrid cloud environments, particularly for clients managing critical enterprise systems. For detailed insights, the full Gartner report is available through their website.
On August 17, 2022, Kyndryl and EY US announced a strategic alliance aimed at assisting clients with digital transformation. This partnership combines Kyndryl's expertise in IT infrastructure services with EY's consulting capabilities in areas like cybersecurity and asset management.
The alliance intends to provide comprehensive solutions, addressing the complexities and risks associated with digital transformation. Both companies emphasize their commitment to helping clients modernize their operations and navigate the rapidly changing technological landscape.
Kyndryl (NYSE: KD) has announced a global partnership with Five9 (NASDAQ: FIVN) to enhance cloud-based contact center solutions. This collaboration aims to provide personalized experiences for customers and employees while enabling businesses to transition legacy contact centers to the cloud. The partnership combines Kyndryl's Digital Workplace Services with Five9's cloud technology, facilitating modernized service desk capabilities and IT support globally. As a result of this agreement, Kyndryl is recognized as a Five9 Gold Partner in 2022.
Kyndryl Holdings, Inc. (NYSE: KD) reported revenues of $4.3 billion for the quarter ended June 30, 2022, representing a 10% year-over-year decline. The company faced a net loss of $250 million and a pretax loss of $205 million, though the net loss improved from $389 million in the prior year. Adjusted EBITDA decreased to $491 million from $749 million. Kyndryl reaffirmed its fiscal 2023 revenue forecast of $16.3 to $16.5 billion, adjusting for currency effects. The company highlighted progress in its key initiatives, including cloud partnerships and cost-saving measures.
Kyndryl (NYSE: KD), the largest IT infrastructure services provider, introduced a Recovery Retainer Service to aid clients in recovering from cyber incidents like ransomware. This service goes beyond standard incident response retainers by providing on-demand access to qualified cyber recovery experts, enhancing organizations' preparedness for cybersecurity threats. The service aims to mitigate the impacts of attacks, ensuring rapid restoration of operations and offering comprehensive recovery actions that include data restoration and system cleaning.
Kyndryl (NYSE: KD), the largest IT infrastructure services provider, announced a multi-year agreement with American Honda Motor Company (NYSE: HMC) to support its infrastructure transformation in the U.S. This partnership aims to enhance AHM's efficiency, enabling innovation across manufacturing, research, finance, and sales operations. Kyndryl will integrate on-premises and cloud solutions to streamline IT operations, ultimately modernizing Honda's infrastructure. The collaboration is positioned to improve customer experiences and support Honda's future electrification strategy.
Kyndryl Holdings (NYSE: KD) will announce its quarterly results for the period ending June 30, 2022, on August 3, 2022, after market close. An earnings call will follow on August 4, 2022, at 8:30 a.m. ET, hosted by CEO Martin Schroeter and CFO David Wyshner. The call can be accessed via the company's investor relations website or by phone, with replays available for twelve months online and for two days by telephone. Kyndryl is the largest IT infrastructure services provider globally, serving over 4,000 clients across more than 60 countries.
Kyndryl (NYSE: KD) has partnered with Oracle to enhance its cloud services offerings, positioning itself as a key delivery partner for Oracle Cloud Infrastructure (OCI). This collaboration aims to support customers in modernizing their applications and databases, improving security, and reducing costs. Kyndryl plans to leverage Oracle technologies to create solutions in data modernization, AI innovations, and more. With a global reach in 53 countries, Kyndryl aims to help enterprises efficiently migrate their critical workloads to the cloud, while enhancing its managed services capabilities.
Kyndryl (NYSE: KD) has partnered with Veritas Technologies to deliver comprehensive data protection services globally. This collaboration aims to enhance data management for enterprises transitioning to multi-cloud environments. Kyndryl will provide Veritas' leading data management portfolio as a fully managed service, named 'Protection and Cyber Resiliency, Powered by Veritas.' The partnership addresses key challenges such as cyber threats and complex data management, enabling enterprises to safeguard critical data efficiently.
Kyndryl (NYSE: KD) and Cisco have announced a strategic partnership aimed at assisting businesses in their transition to data-driven operations using Cisco's technology and Kyndryl's managed services. The collaboration will focus on providing cloud services, enhanced IT management, and advanced security solutions. Key offerings will include private cloud services, network solutions, and software-defined networking. The partnership is set to support businesses globally in digital transformation and effective IT management, leveraging both companies' extensive expertise.
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