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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.
