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 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.
Kyndryl (NYSE: KD), the world's largest IT infrastructure provider, is spearheading IT transformation initiatives across various sectors, including financial services and healthcare. With over 90,000 employees and partnerships with leading tech firms, Kyndryl is poised to modernize mission-critical systems for 4,000 global customers, including 75 of the Fortune 100 companies. The company emphasizes AI, 5G, and hybrid cloud capabilities to enhance operational efficiency. Major industry players, such as Dow and Pitney Bowes, have engaged Kyndryl for strategic IT solutions to meet evolving digital demands.
Kyndryl (NYSE: KD) has been selected by Pitney Bowes (NYSE: PBI) for a significant technology transformation to enhance its global operations. This partnership aims to implement an agile IT infrastructure leveraging hybrid cloud investments, with Kyndryl managing core systems including servers and storage. Pitney Bowes, serving over 90% of the Fortune 500, utilizes Kyndryl's expertise in AI and advanced analytics to improve its e-commerce and logistics services. The collaboration underscores Kyndryl's commitment to delivering innovative solutions across more than 60 countries.
Kyndryl (NYSE: KD) announced a partnership with Automated Financial Systems, Inc. (AFS) to enhance its commercial lending software, AFSVision, by containerizing it with RedHat's OpenShift. This initiative allows customers to run AFSVision on various cloud platforms, thus expanding AFS's U.S. customer base and entering new global markets. Kyndryl aims to support financial institutions with their digital transformation, focusing on operational stability, security, scalability, and cost reduction in compliance with regulatory standards.
Kyndryl (NYSE: KD) has announced a collaboration with NASCO to migrate its critical infrastructure to a shared mainframe environment, enhancing efficiency, flexibility, and scalability. This partnership, extended until 2027, focuses on optimizing operations and maintaining stringent security and compliance protocols during the data migration process. The transition to Kyndryl's zCloud mainframe allowed for a seamless transfer of petabytes of sensitive data in less than a day, ensuring uninterrupted service for NASCO's healthcare clients.
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