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 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.
Kyndryl (NYSE: KD) announced the establishment of a new bilingual technology services center in Montréal, Québec, projected to create nearly 500 IT jobs over the next five years. This center aims to meet the rising demand for cloud skills and enhance delivery of digital transformation services for Canadian organizations. Currently, over 100 IT roles have been filled, with new hires receiving training in cloud platforms, automation, and cybersecurity. The center underscores Canada's potential as a tech innovation hub and is aligned with the country's economic recovery efforts post-COVID-19.
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.
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