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 (NYSE: KD) has been recognized as a Leader in the Gartner May 2022 'Magic Quadrant for Managed Mobility Services, Global.' This report evaluates vendors based on their vision and execution capabilities. Kyndryl's advanced technology, strategic partnerships, and data-driven approach enhance its device management lifecycle. The company offers comprehensive advisory, implementation, and management services to optimize the user experience across various devices and hybrid workplaces. For more details, visit Kyndryl's Digital Workplace Services.
Kyndryl Holdings (NYSE: KD) announced that CEO Martin Schroeter and CFO David Wyshner will speak at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 2:10 p.m. ET. The event will address company business and financial performance. Interested parties can listen to the live webcast via Kyndryl's investor relations website, with a replay available approximately 24 hours later. Kyndryl is the largest IT infrastructure services provider globally, serving over 4,000 customers in more than 60 countries, including 75% of the Fortune 100.
Kyndryl (NYSE: KD) and NetApp (NASDAQ: NTAP) have formed a strategic alliance aimed at leveraging unstructured data to drive innovation and cloud transformation for customers across diverse industries. The partnership will merge Kyndryl's IT infrastructure expertise with NetApp's cloud capabilities to enhance data management and analytics. The collaboration targets industry-specific solutions in sectors such as automotive and financial services, focusing on improving operational efficiency and customer satisfaction. The two companies aim to accelerate cloud adoption and facilitate business transformation through their combined efforts.
Kyndryl (NYSE: KD) has announced a strategic partnership with Red Hat to enhance IT automation using the Red Hat Ansible Automation Platform. This collaboration aims to modernize core business applications and infrastructure while improving resilience and security. Kyndryl will serve as a primary service provider for Ansible, managing over 500,000 customer endpoints and automating tens of millions of processes. Additionally, an Ansible Innovation Center will be established to support hybrid cloud transformation, co-developing solutions for improved IT operations.
Kyndryl Holdings, Inc. (NYSE: KD) reported Q1 2022 revenues of $4.4 billion, a year-over-year decline of 7%. The company experienced a net loss of $229 million and a pretax loss of $189 million, although these losses decreased compared to the previous year. Notably, signings rose 27% in constant currency to $3.1 billion. Kyndryl is focused on three initiatives: Alliances, Advanced Delivery, and Accounts, aiming to enhance relationships and service delivery. The fiscal outlook anticipates revenues between $16.5 billion and $16.7 billion.
Kyndryl (NYSE: KD) announces a five-year partnership with Swiss Krono to enhance its IT infrastructure by migrating to SAP S/4HANA®. This initiative aims to standardize IT operations and support faster innovation while focusing on new business opportunities. Swiss Krono, a leader in wood-based materials, seeks to connect its global plants, enhancing operational efficiency through a unified view of its systems. Kyndryl's managed services will facilitate this transition, promising improved business processes and a lower total cost of ownership.
Kyndryl (NYSE: KD) has partnered with SSW Pragmatic Solutions to develop AQUILA, an AI-powered platform aimed at enhancing document analysis in the real estate sector. AQUILA automates the reading and summarization of lease agreements, reducing a potentially months-long process to mere hours or seconds per document. This initiative is designed to help real estate stakeholders navigate compliance and cost management amid economic uncertainties. The platform supports Polish, English, and German languages, and can be deployed on various cloud systems or on-premise.
Kyndryl (NYSE: KD) has announced an expanded strategic partnership with SAP aimed at developing solutions for digital business transformation. This collaboration will utilize SAP's Business Technology Platform and Kyndryl's expertise in AI and cyber resiliency to facilitate cost-effective cloud migration for customers. Services will include modernization for SAP software, data integration, and cyber recovery solutions. The partnership reinforces Kyndryl's role in enhancing operational efficiency and business visibility for various industries through the RISE with SAP initiative.
Kyndryl (NYSE: KD) has expanded its partnership with Dell Technologies to enhance cyber resilience for customers. This collaboration focuses on using data optimization and infrastructure management to protect critical business assets from cyber threats. Key offerings include Cyber Incident Recovery, utilizing Dell's offline 'air-gapped' data vault to ensure data integrity. Kyndryl has also been recognized as a Titanium Black Global Partner by Dell, positioning them to better support digital transformation efforts for clients. This alliance aims to improve data availability and expedite recovery from cyber incidents.
Kyndryl (NYSE: KD), the largest IT infrastructure services provider, will announce its quarterly results for the period ending March 31, 2022, after market close on May 4, 2022. The earnings conference call will be held on May 5, 2022, at 8:30 a.m. ET, hosted by Chairman and CEO Martin Schroeter and CFO David Wyshner. Investors can access the live webcast on the company's investor relations website. Kyndryl serves over 4,000 customers globally, including 75% of Fortune 100 companies.
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