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) and Viewpointe have entered a multi-year agreement to migrate Viewpointe's IT infrastructure to Microsoft Azure. The multi-million dollar collaboration aims to enhance flexibility, speed, and scalability of Viewpointe's managed services for the financial sector. The partnership will also focus on developing best practices for optimizing cloud operations. With this shift, Viewpointe seeks to innovate its offerings and maintain compliance and security for its clients, while Kyndryl aims to leverage its expertise to bolster Viewpointe's competitiveness.
Etihad Airways and Kyndryl (NYSE: KD) have signed a multi-year agreement to enhance Etihad's digital transformation. Kyndryl will modernize Etihad's IT infrastructure by facilitating the integration of public cloud platforms. This collaboration aims to improve operational efficiency and speed up innovation in air travel. The agreement was signed in November 2021, bringing Kyndryl's cloud expertise to help Etihad manage its workloads in a multi-cloud environment, supporting its mission-critical operations.
Kyndryl and Google Cloud announced a strategic partnership to accelerate digital transformation for customers. The collaboration aims to leverage Kyndryl's expertise in IT infrastructure with Google Cloud's advanced data and AI capabilities. Key focus areas include data analytics, SAP migration to Google Cloud, enhanced enterprise edge solutions, and tailored industry solutions for financial services. This partnership will enable businesses to operate more efficiently and harness the power of cloud technology. Kyndryl seeks to drive thousands of new cloud certifications through its Google Cloud Academy.
Kyndryl (NYSE: KD) has announced a strategic agreement with Raytheon Technologies to modernize its Digital Technology environment via hybrid cloud solutions. This partnership aims to enhance Raytheon's digital transformation, allowing for better business growth and operational efficiency. Key goals include a 60% reduction in data center footprint and significant cost savings while doubling cloud computing utilization. Kyndryl's expertise in cloud migration and management will play a crucial role in this initiative, underscoring a commitment to using advanced technologies for improved cybersecurity and collaboration.
Kyndryl (NYSE: KD) has partnered with RSA Insurance to accelerate the latter's digital transformation through a significant cloud migration project, successfully moving 85,000 gigabytes of data to the cloud. This migration supports RSA's modernization efforts, enhancing efficiency by 30% in automated data processing and enabling quicker delivery of innovative offerings. Completed in just six months, this project reflects a collaborative approach, ensuring seamless operations and adherence to GDPR regulations. Kyndryl continues as RSA's trusted advisor for further technological advancements.
Kyndryl (NYSE: KD) and NetApp have announced a strategic partnership with BMW Group to enhance the automaker's IT infrastructure. This agreement focuses on delivering hybrid cloud data solutions across 17 countries, including key markets like Germany, the US, and China. Kyndryl will act as the lead integrator, ensuring operational stability and scalability for BMW's critical systems. By leveraging NetApp's data solutions, BMW aims to accelerate innovation and enhance data availability, which is crucial for their production processes.
Kyndryl (NYSE: KD), the leading IT infrastructure services provider, will participate in a fireside chat at the UBS Global TMT Virtual Conference on December 6, 2021, at 11:00 a.m. ET. CEO Martin Schroeter and CFO David Wyshner will engage with UBS analyst David Vogt during the session. Investors can tune in to the live webcast via the provided link, with a replay available approximately twelve hours after the event. Kyndryl serves over 4,000 clients globally, including 75% of the Fortune 100, showcasing its significant market presence.
Kyndryl (NYSE: KD) and VMware (NYSE: VM) have expanded their strategic partnership to enhance app modernization and multicloud services. This collaboration aims to accelerate IT and business transformation, enabling customers to build secure applications suited for distributed work environments. The partnership will focus on multicloud infrastructure, management, and digital workspace services. A Joint Innovation Lab will be established to drive solutions in app modernization, observability, and security. Kyndryl, as the largest IT infrastructure provider, serves over 4,000 customers globally.
Kyndryl (NYSE: KD) and Microsoft (Nasdaq: MSFT) have formed a strategic partnership aimed at enhancing their enterprise services. This collaboration marks Kyndryl's first major deal since its independence and promises lucrative multi-billion dollar opportunities. The partnership will focus on delivering solutions leveraging Microsoft Cloud, enhancing hybrid cloud adoption, and managing mission-critical workloads. Additionally, a co-innovation lab will be established to advance skills and develop new capabilities. This alliance positions Kyndryl as a leader in the $500 billion managed services market.
Kyndryl has successfully completed its spin-off from IBM and is now trading independently on the NYSE under the ticker KD. With a workforce of 90,000, Kyndryl is positioned as the largest IT infrastructure services provider, expecting a market growth exceeding $500 billion by 2024. The company boasts $19 billion in annual revenue and strong customer relationships, including 75% of the Fortune 100. IBM shareholders received Kyndryl shares in a 1:5 ratio, with IBM retaining 19.9% equity in Kyndryl.
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