Kyndryl Holdings, Inc. - KD STOCK NEWS

Kyndryl and Lenovo announced an expansion of their global partnership on March 23, 2022, to enhance hybrid cloud solutions and edge computing. This collaboration aims to provide customers with scalable solutions for distributed applications by utilizing automation and differentiated IT services. With a focus on meeting evolving business needs, the partnership is designed to leverage Kyndryl's managed services expertise alongside Lenovo's strong portfolio in PCs, servers, and storage, facilitating integrated edge-to-cloud solutions.

Kyndryl (NYSE: KD) has formed a global partnership with Cloudera to enhance customer data transformation in hybrid and multicloud environments. The collaboration involves establishing a joint innovation center focused on Cloudera Data Platform migrations and upgrades, alongside managed services to improve reliability. Kyndryl's expertise in IT infrastructure will complement Cloudera's data capabilities, enabling customers to modernize their data ecosystems effectively. This partnership aims to tackle complexities in cloud migration, thus driving greater business value.

Kyndryl Holdings (NYSE:KD) reported its Q4 and full-year 2021 results, with Q4 revenues of $4.6 billion, down 8% year-over-year. The company incurred a pretax loss of $732 million, including a $469 million goodwill impairment. The full-year revenue was $18.7 billion, reflecting a 4% decline, with a net loss of $2.3 billion. Kyndryl outlined three major growth initiatives aimed at capturing $1 billion in signings linked to cloud hyperscalers and saving $200 million in costs by FY 2023. Recent partnerships with major tech firms like Microsoft and Google Cloud were also highlighted.

Kyndryl (NYSE: KD) has announced a strategic partnership with Amazon Web Services (AWS) to enhance enterprise cloud services. This collaboration aims to help customers transform their businesses through focused industry solutions and advanced cloud technologies. Kyndryl plans to establish an AWS Cloud Center of Excellence and develop an accelerator for VMware Cloud on AWS, emphasizing their goal to assist large enterprises in migrating to the cloud. The partnership will also involve upskilling over 10,000 employees in AWS competencies by the end of 2022.

Kyndryl (NYSE: KD) and Nokia have formed a global network and edge computing alliance to support enterprise digital transformations through secure LTE and 5G private wireless networking. This partnership builds on previous successful projects, focusing on Industry 4.0 applications, enhancing worker safety, and asset tracking for companies like Dow Inc. The collaboration aims to provide innovative, mission-critical solutions while leveraging existing LTE for future 5G advancements, ultimately transforming operations in asset-heavy industries.

Kyndryl has been awarded the 2021 Global Managed Enterprise Resource Planning Enabling Technology Leadership Award by Frost & Sullivan. This recognition highlights Kyndryl's expertise in modernizing and managing critical ERP workloads. The company enhances customer experience through an agile management structure and a newly developed managed services platform. Kyndryl's commitment to innovation is evident in its application of AI and a curated data lake for optimizing ERP applications. With a focus on customer satisfaction and technological advancements, Kyndryl demonstrates high potential in the ERP industry.

Kyndryl (NYSE: KD) and Pure Storage (NYSE: PSTG) have announced a global alliance to enhance IT solutions for enterprises. This partnership aims to combine Kyndryl’s IT infrastructure expertise with Pure Storage’s advanced technology for mission-critical applications. By integrating their capabilities, they intend to tackle challenges related to multicloud management and automation, providing cyber resiliency at the storage layer. The offerings will be available as-a-service, promoting flexible consumption models to optimize data management and modernization initiatives.

Kyndryl Holdings (NYSE:KD) announced new geographic reporting segments aimed at improving business performance analysis. The segments include the United States, Japan, Principal Markets, and Strategic Markets, with a focus on revenue and adjusted EBITDA metrics. CFO David Wyshner emphasized that these changes will enhance investor insights into the company's growth and profitability. Additionally, Kyndryl will shift its fiscal year-end to March 31, starting April 2022, to better align with customer timelines. Fourth quarter results will be released on February 28, 2022.

Kyndryl Holdings received an unsolicited mini-tender offer from TRC Capital Investment Corporation on December 10, 2021. TRC seeks to buy up to 5 million shares, approximately 2.23% of Kyndryl's outstanding shares, at $17.35 per share, which is 4.51% below the market value at that time. Kyndryl does not endorse this offer and urges shareholders not to tender their shares, advising them to check current market quotes and consult with financial advisors. The SEC warns that mini-tender offers can be below market price, lacking investor protections.