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), the largest IT infrastructure services provider, introduces new AI and generative AI services to modernize mainframe systems. Announced on May 16, 2024, the initiative focuses on training over 5,000 mainframe professionals in AI skills to enhance hybrid cloud environments.
The company aims to support organizations in deploying AI-enabled workloads, integrating mainframe data with cloud systems, and optimizing workloads through AI-driven insights. Kyndryl's comprehensive services will assist in workload migration, secure data access, application code modernization, and developer agility.
Research shows 90% of organizations consider mainframes essential, with 95% modernizing within hybrid clouds. Kyndryl's new AI services, supported by partnerships and its Kyndryl Bridge platform, are expected to reduce IT transformation costs, enhance agility, and drive data-driven decision-making.
Kyndryl Holdings (NYSE: KD), the largest IT infrastructure services provider globally, announced that its Chairman and CEO, Martin Schroeter, alongside CFO David Wyshner, will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024, at 3:45 p.m. ET.
The presentation will cover Kyndryl's business and financial performance. Interested parties can access the live webcast through Kyndryl's investor relations website. A replay will be available 24 hours post-event.
Kyndryl, the world's largest IT infrastructure services provider, announced the acquisition of Skytap to enhance hybrid cloud adoption and the sale of its Securities Industry Services business in Canada to Broadridge to focus on core growth areas. The acquisitions aim to modernize mission-critical infrastructure platforms and accelerate advanced analytics, artificial intelligence, and cloud services adoption. Both acquisitions accounted for less than 1% of Kyndryl's annual revenue, with no impact on the fiscal year 2025 outlook.
Kyndryl Holdings, Inc. (NYSE: KD) reported Q4 and full-year 2024 results, showing solid financial performance. Q4 revenues were $3.8 billion, with a pretax loss of $4 million and adjusted EBITDA of $566 million. Fiscal year 2024 revenues totaled $16.1 billion, with an adjusted pretax income of $165 million. The company expects positive revenue growth in Q4 and aims for $435 million adjusted pretax income in fiscal year 2025. Kyndryl demonstrated growth in key initiatives, strong margin improvements, and double-digit growth in Kyndryl Consult.
Kyndryl and Rubrik have announced a global strategic alliance to offer cyber incident recovery solutions to enhance cyber resilience for customers. The partnership aims to provide data protection, data analytics, and data security posture services, catering to industries such as healthcare, banking, and education. The collaboration introduces Kyndryl Incident Recovery with Rubrik, a fully managed solution that helps reduce system downtime, mitigate cyber incidents, and improve IT modernization outcomes.
Kyndryl, the world's largest IT infrastructure services provider, announced that its AI-powered digital platform, Kyndryl Bridge, has onboarded 1,200 customers, exceeding targets. The platform delivers $2 billion in annual savings for customers through 190 new services. It provides 3 million actionable insights/month, driving productivity and regulatory compliance. New capabilities include AI-readiness, security compliance, sustainable operations, and enterprise modernization.
Kyndryl Holdings, Inc. (NYSE: KD) will announce fourth quarter and full-year results on May 7, 2024, with an earnings call on May 8, 2024. The company is the world's largest IT infrastructure services provider, with a global presence. Key executives will host the call, and a webcast will be available for investors. Kyndryl serves enterprise customers in over 60 countries, focusing on designing, building, managing, and modernizing critical IT systems.
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